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Find the true statement from the following with reason - (a) There is an inverse relation between foreign exchange rate and supply for foreign exchange. (b) An American purchases the goods and services from India creates demand of foreign exchange. I An Indian firm to purchase the goods and services from America creates demand of foreign exchange. (d) All statements are true?
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Find the true statement from the following with reason - (a) There is...
There is an inverse relation between foreign exchange rate and supply for foreign exchange.
- False
- The statement is false because there is a direct relationship between foreign exchange rate and supply for foreign exchange. When the exchange rate of a currency goes up, the supply of that currency in the foreign exchange market also tends to increase as individuals and businesses seek to take advantage of the higher exchange rate.
An American purchasing goods and services from India creates demand for foreign exchange.
- True
- This statement is true because when an American buys goods or services from India, they need to convert their US dollars into Indian Rupees to make the purchase. This creates a demand for foreign exchange as the American needs to exchange their currency for Indian currency.
An Indian firm purchasing goods and services from America creates demand for foreign exchange.
- True
- This statement is also true. When an Indian firm buys goods or services from America, they need to convert their Indian Rupees into US dollars to complete the transaction. This creates a demand for foreign exchange as the Indian firm needs to exchange their currency for US currency.
All statements are true.
- False
- The statement is false because the first statement about the inverse relationship between foreign exchange rate and supply for foreign exchange is incorrect. The other two statements about creating demand for foreign exchange are true.
- False
- The statement is false because there is a direct relationship between foreign exchange rate and supply for foreign exchange. When the exchange rate of a currency goes up, the supply of that currency in the foreign exchange market also tends to increase as individuals and businesses seek to take advantage of the higher exchange rate.
An American purchasing goods and services from India creates demand for foreign exchange.
- True
- This statement is true because when an American buys goods or services from India, they need to convert their US dollars into Indian Rupees to make the purchase. This creates a demand for foreign exchange as the American needs to exchange their currency for Indian currency.
An Indian firm purchasing goods and services from America creates demand for foreign exchange.
- True
- This statement is also true. When an Indian firm buys goods or services from America, they need to convert their Indian Rupees into US dollars to complete the transaction. This creates a demand for foreign exchange as the Indian firm needs to exchange their currency for US currency.
All statements are true.
- False
- The statement is false because the first statement about the inverse relationship between foreign exchange rate and supply for foreign exchange is incorrect. The other two statements about creating demand for foreign exchange are true.
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Find the true statement from the following with reason - (a) There is an inverse relation between foreign exchange rate and supply for foreign exchange. (b) An American purchases the goods and services from India creates demand of foreign exchange. I An Indian firm to purchase the goods and services from America creates demand of foreign exchange. (d) All statements are true?
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Find the true statement from the following with reason - (a) There is an inverse relation between foreign exchange rate and supply for foreign exchange. (b) An American purchases the goods and services from India creates demand of foreign exchange. I An Indian firm to purchase the goods and services from America creates demand of foreign exchange. (d) All statements are true? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Find the true statement from the following with reason - (a) There is an inverse relation between foreign exchange rate and supply for foreign exchange. (b) An American purchases the goods and services from India creates demand of foreign exchange. I An Indian firm to purchase the goods and services from America creates demand of foreign exchange. (d) All statements are true? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Find the true statement from the following with reason - (a) There is an inverse relation between foreign exchange rate and supply for foreign exchange. (b) An American purchases the goods and services from India creates demand of foreign exchange. I An Indian firm to purchase the goods and services from America creates demand of foreign exchange. (d) All statements are true?.
Find the true statement from the following with reason - (a) There is an inverse relation between foreign exchange rate and supply for foreign exchange. (b) An American purchases the goods and services from India creates demand of foreign exchange. I An Indian firm to purchase the goods and services from America creates demand of foreign exchange. (d) All statements are true? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Find the true statement from the following with reason - (a) There is an inverse relation between foreign exchange rate and supply for foreign exchange. (b) An American purchases the goods and services from India creates demand of foreign exchange. I An Indian firm to purchase the goods and services from America creates demand of foreign exchange. (d) All statements are true? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Find the true statement from the following with reason - (a) There is an inverse relation between foreign exchange rate and supply for foreign exchange. (b) An American purchases the goods and services from India creates demand of foreign exchange. I An Indian firm to purchase the goods and services from America creates demand of foreign exchange. (d) All statements are true?.
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Find the true statement from the following with reason - (a) There is an inverse relation between foreign exchange rate and supply for foreign exchange. (b) An American purchases the goods and services from India creates demand of foreign exchange. I An Indian firm to purchase the goods and services from America creates demand of foreign exchange. (d) All statements are true?, a detailed solution for Find the true statement from the following with reason - (a) There is an inverse relation between foreign exchange rate and supply for foreign exchange. (b) An American purchases the goods and services from India creates demand of foreign exchange. I An Indian firm to purchase the goods and services from America creates demand of foreign exchange. (d) All statements are true? has been provided alongside types of Find the true statement from the following with reason - (a) There is an inverse relation between foreign exchange rate and supply for foreign exchange. (b) An American purchases the goods and services from India creates demand of foreign exchange. I An Indian firm to purchase the goods and services from America creates demand of foreign exchange. (d) All statements are true? theory, EduRev gives you an
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