A " hot money" or the "refugee capital" is one which ______________.

is transferred from one country to another for greater safety

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is carned by a refugee

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deposited by a refugee who is taking refugee in the country

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none of these

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Solution

The correct option is A is transferred from one country to another for greater safety
Hot money is the flow of funds from one country to another in order to earn a short-term profit on interest rate differences and/or anticipated exchange rate shifts.

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Similar questions

Q3. Consider the following statements:

1. India is a signatory to UN Convention on Refugees.

2. Rohingyas as classified as Refugees by the Indian Government.

3. Government of India launched “Operation Insaniyat” to help Rohingya refugees in Bangladesh.

Which of the above statement(s) is/are correct?

Q25. Consider the following statements:

1. Hot money is the flow of funds (or capital) from one country to another in order to earn a short-term profit.

2. These speculative capital flows are called ‘Hot money’ because they can move very quickly in and out of markets.

Which of the above statements are correct?

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