Paper currency was used for internal use and gold was used for international settlement under standard

Related MCQs

• Devaluation which means fall in value of domestic currency in terms of foreign currency takes place in
• According managed to classification by IMF, the currency system of India falls under
• Under fixed exchange rate system, the currency rate in the market is maintained through
• Which property the paper money does not possess
• For issuing / printing currency notes, the RBI has adopted a system –
• Reduction in the value of domestic currency by the government is called
• Reduction in the value of domestic currency through market forces is called
• Increase in the value of domestic currency by the government is called
• Which exchange rate measures the average relative strength of a given currency with respect to other currencies without eliminating the effect of change in price?
• Other things remaining the unchanged, when in a country the price of foreign currency rises, national income is: