CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

For the United States of America, which of the following will be part of its foreign exchnage reserves?

A
US dollar
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
Indian rupee
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
C
Japanese yen
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
D
Swiss franc
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
Open in App
Solution

The correct option is D Swiss franc
Foreign currency is any currency other than a country’s own currency. For the USA, all currencies except the US dollar are foreign currencies. The central bank of a country is responsible for maintaining the foreign exchange reserves. In India, the RBI is RBI the sole custodian of the foreign exchange reserves.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Adaptive Q14
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon