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Q. |
Which term is not related to banking? |
A. | C.R.R. |
B. | N .E.E .R. |
C. | S.L.R. |
D. | Fixed Deposits |
Answer» B. N .E.E .R. | |
Explanation: NEER stands for Nominal Effective Exchange Rate which represents the relative value of a home country's currency compared to the other major currencies being traded (U.S. dollar, Japanese yen, euro, etc.). It also represents the approximate relative price a consumer will pay for an imported good. |
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