question_answer

We very frequently read about the activities of the Foreign Exchange Market in newspapers/ magazines. Which of the following is/are the major functions of the same?

I. Transfer of purchasing power from domestic to foreign market.

II. Providing credit for financing foreign trade.

III. Power to purchase gold from foreign countries, as most of the nations still work on Gold Standards.

Codes

A)  Only I             

B)  Only II

C)  Only III           

D)  I and II

E)  II and III