Q.In the international market, the price of any currency is decided by-

The Bank for International Settlements

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Demand for goods/services provided by a country

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World Trade Organisation

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Economic potential of a country

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Solution

The correct option is B
Demand for goods/services provided by a country
Explanation:

In the international market, the price of any currency 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. It also increases the price of a currency. Similarly, if demand for a currency decreases, it decreases the price of it.

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Similar questions

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