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The term foreign exchange means
- a)Exchange of goods of one nation for goods of other nation
- b)Exchange of goods of one nation for services of other nation
- c)Exchange of goods of one nation for currency of other nation
- d)Stock of foreign currency with domestic country
Correct answer is option 'D'. Can you explain this answer?
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The term foreign exchange meansa)Exchange of goods of one nation for g...
Foreign Exchange
Foreign exchange refers to the exchange of one country's currency for another country's currency. It is also known as forex or FX. The foreign exchange market is the largest and most liquid market in the world, with an average daily trading volume of over $5 trillion.
Stock of Foreign Currency
The term foreign exchange specifically refers to the stock of foreign currency held by a country's central bank. The central bank holds foreign currency reserves to facilitate international trade and to support the value of its domestic currency. These reserves are used to intervene in foreign exchange markets to stabilize the value of the domestic currency.
Importance of Foreign Exchange
Foreign exchange is important for international trade and investment. It allows businesses and individuals to buy and sell goods and services across borders. It also enables foreign investment, as investors can buy and sell assets denominated in foreign currencies.
Exchange Rates
Exchange rates are the prices at which one currency can be exchanged for another currency. They are determined by supply and demand in the foreign exchange market. Exchange rates can fluctuate rapidly in response to economic and political events, and can have a significant impact on international trade and investment.
Conclusion
In conclusion, foreign exchange refers to the exchange of one country's currency for another country's currency. The term specifically refers to the stock of foreign currency held by a country's central bank. Foreign exchange is important for international trade and investment, and exchange rates play a key role in determining the value of currencies.
Foreign exchange refers to the exchange of one country's currency for another country's currency. It is also known as forex or FX. The foreign exchange market is the largest and most liquid market in the world, with an average daily trading volume of over $5 trillion.
Stock of Foreign Currency
The term foreign exchange specifically refers to the stock of foreign currency held by a country's central bank. The central bank holds foreign currency reserves to facilitate international trade and to support the value of its domestic currency. These reserves are used to intervene in foreign exchange markets to stabilize the value of the domestic currency.
Importance of Foreign Exchange
Foreign exchange is important for international trade and investment. It allows businesses and individuals to buy and sell goods and services across borders. It also enables foreign investment, as investors can buy and sell assets denominated in foreign currencies.
Exchange Rates
Exchange rates are the prices at which one currency can be exchanged for another currency. They are determined by supply and demand in the foreign exchange market. Exchange rates can fluctuate rapidly in response to economic and political events, and can have a significant impact on international trade and investment.
Conclusion
In conclusion, foreign exchange refers to the exchange of one country's currency for another country's currency. The term specifically refers to the stock of foreign currency held by a country's central bank. Foreign exchange is important for international trade and investment, and exchange rates play a key role in determining the value of currencies.
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The term foreign exchange meansa)Exchange of goods of one nation for g...
Foreign exchange refers to the stock of foreign currencies required to trade between countries.
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The term foreign exchange meansa)Exchange of goods of one nation for goods of other nationb)Exchange of goods of one nation for services of other nationc)Exchange of goods of one nation for currency of other nationd)Stock of foreign currency with domestic countryCorrect answer is option 'D'. Can you explain this answer?
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The term foreign exchange meansa)Exchange of goods of one nation for goods of other nationb)Exchange of goods of one nation for services of other nationc)Exchange of goods of one nation for currency of other nationd)Stock of foreign currency with domestic countryCorrect answer is option 'D'. Can you explain this answer? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about The term foreign exchange meansa)Exchange of goods of one nation for goods of other nationb)Exchange of goods of one nation for services of other nationc)Exchange of goods of one nation for currency of other nationd)Stock of foreign currency with domestic countryCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The term foreign exchange meansa)Exchange of goods of one nation for goods of other nationb)Exchange of goods of one nation for services of other nationc)Exchange of goods of one nation for currency of other nationd)Stock of foreign currency with domestic countryCorrect answer is option 'D'. Can you explain this answer?.
The term foreign exchange meansa)Exchange of goods of one nation for goods of other nationb)Exchange of goods of one nation for services of other nationc)Exchange of goods of one nation for currency of other nationd)Stock of foreign currency with domestic countryCorrect answer is option 'D'. Can you explain this answer? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about The term foreign exchange meansa)Exchange of goods of one nation for goods of other nationb)Exchange of goods of one nation for services of other nationc)Exchange of goods of one nation for currency of other nationd)Stock of foreign currency with domestic countryCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The term foreign exchange meansa)Exchange of goods of one nation for goods of other nationb)Exchange of goods of one nation for services of other nationc)Exchange of goods of one nation for currency of other nationd)Stock of foreign currency with domestic countryCorrect answer is option 'D'. Can you explain this answer?.
Solutions for The term foreign exchange meansa)Exchange of goods of one nation for goods of other nationb)Exchange of goods of one nation for services of other nationc)Exchange of goods of one nation for currency of other nationd)Stock of foreign currency with domestic countryCorrect answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for Class 12.
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Here you can find the meaning of The term foreign exchange meansa)Exchange of goods of one nation for goods of other nationb)Exchange of goods of one nation for services of other nationc)Exchange of goods of one nation for currency of other nationd)Stock of foreign currency with domestic countryCorrect answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
The term foreign exchange meansa)Exchange of goods of one nation for goods of other nationb)Exchange of goods of one nation for services of other nationc)Exchange of goods of one nation for currency of other nationd)Stock of foreign currency with domestic countryCorrect answer is option 'D'. Can you explain this answer?, a detailed solution for The term foreign exchange meansa)Exchange of goods of one nation for goods of other nationb)Exchange of goods of one nation for services of other nationc)Exchange of goods of one nation for currency of other nationd)Stock of foreign currency with domestic countryCorrect answer is option 'D'. Can you explain this answer? has been provided alongside types of The term foreign exchange meansa)Exchange of goods of one nation for goods of other nationb)Exchange of goods of one nation for services of other nationc)Exchange of goods of one nation for currency of other nationd)Stock of foreign currency with domestic countryCorrect answer is option 'D'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice The term foreign exchange meansa)Exchange of goods of one nation for goods of other nationb)Exchange of goods of one nation for services of other nationc)Exchange of goods of one nation for currency of other nationd)Stock of foreign currency with domestic countryCorrect answer is option 'D'. Can you explain this answer? tests, examples and also practice Class 12 tests.
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