NextQ29

Read the following statements carefully : Statement 1 : Keeping other things constant, there exists positive correlation between the price of foreign exchange and its demand. Statement 2 : The foreign exchange rate indicates a country's purchasing power in international markets. In the light of the given statements, choose the correct option from the following :

Question 28

Read the following statements carefully : Statement 1 : The price of a given currency in terms of another is known as bank rate. Statement 2 : Demand curve for foreign exchange is a downward sloping curve. In the light of the given statements, choose the correct option from the following :

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