The currency used for international transactions irrespective of the importing or exporting country’s currency is called _ .

Related MCQs

• In the determination of the exchange value of a currency, the first currency of a currency pair is called _ .
• Reducing the value of domestic currency in term of foreign currency :
•     _ is a statement of a systematic record of all economic transactions between one country and the rest of the world.
• In the _ account, only transactions relating to goods are entered.
• Transactions in the foreign exchange market are carried out are termed as _.
•     _ are authorized to deal in foreign exchange transactions.
• When an economy union involves unifying currency it becomes _ .
• Euro is the official currency for _ _ member countries of European Union.
• The is the single currency of the European Union.
•     _ _ is the second largest currency in the world.