| Consider the following statement. |
| The price of any currency in 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? |
A) 1 and 4
B) 2 and 3
C) 3 and 4
D) All of these
Correct Answer: B
Solution :
Exp. [b] Price of a floating currency is driven by demand and supply rule. This in turn depends upon the demand of goods and services and also on the political stability of the country.
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