Under fixed exchange rate system, the currency rate in the market is maintained through

Related MCQs

• A foreign currency account maintained by a bank abroad is its
• 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?
• The exchange rate at which demand for foreign currency becomes equal to its supply, is called
• Which function of foreign exchange market protects against the foreign exchange risk?
• The market forces influencing the exchange rate are not fully operational under
• Reduction in the value of domestic currency through market forces is called
• 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
• Other things remaining the same, when in a country the market price of foreign currency falls, national income is likely
• To control inflation and tackle the problem of exchange liquidity due to foreign exchange inflows, the RBI