2. Questions Bank
  3. 12th Class
  4. Economics
  5. Foreign Exchange Rate

12th Class Economics Foreign Exchange Rate Question Bank MCQs - Foreign Exchange Rate

  • question_answer
    Before the Bretton Woods standard system, exchange rates were pegged against......... .

    A) gold

    B) silver

    C) any precious metal

    D) Either [a] or [b]

    Correct Answer: A

    Solution :

    Before the Bretton Woods standard, gold standard was followed. Under that system of exchange, rates were fixed or tied against US Dollar.


You need to login to perform this action.
You will be redirected in 3 sec spinner