In the determination of the exchange value of a currency, the first currency of a currency pair is called _ .

Related MCQs

• When supply of foreign exchange is increased given the demand for foreign exchange, the rate of exchange _.
• Reducing the value of domestic currency in term of foreign currency :
• The currency used for international transactions irrespective of the importing or exporting country’s currency is called _ .
• Demand for foreign exchange varies _ with the exchange rates.
• When demand for foreign exchange increases, the exchange rate _.
• Flexible exchange rate system, the exchange rate is determined by _     
• Consider the following statements and identify the right ones. i. National income is the monetary value of all final goods and services produced. ii. Depreciation is deducted from gross value to get the net value
• Restrictions on the use of foreign exchange by the Central bank are called _ .
•     _ means a decline in the rate of exchange of one country in terms of another’s.
• Transactions in the foreign exchange market are carried out are termed as _.