GyanGramConsider the following statements: The price of any currency in the international market is decided by the 1.…
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Consider the following statements:
The price of any currency in the international market is decided by the
1. World Bank
2. demand for goods/services provided by the country concerned
3. stability of the government of the concerned country
4. economic potential of the country in question
Which of the statements given above are correct?
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• Correct Answer: B
• A currency's international price is determined by demand for the country's goods/services and political stability.
• The World Bank does not set exchange rates; economic potential alone is not the direct determinant.
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