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Question

Consider the following the statements:
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 statement(s) given above is/are correct?


A
1, 2, 3 and 4
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B
2 and 3
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C
3 and 4
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D
1 and 4
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Solution

The correct option is B 2 and 3
The price of any currency is international market is determined by the forces of demand and supply. Demand for a currency increases if the demand for the goods and services provided by that country increases. Moreover, a stable Govt gives confidence to investors and raises the demand for currency of that country.

General Knowledge

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