CameraIcon

SearchIcon

MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Foreign Exchange

Reserves of f...

Question

Reserves of foreign currency that are held by the central bank of an economy are called ___ reserves.

Open in App

Solution

Foreign exchange reserves are reserves of foreign currency that are held by the central bank of an economy

Suggest Corrections

thumbs-up

0

Similar questions

Q. Foreign currency reserves of the country are held by ______.

Q. Why does the Reserve Bank of India hold foreign currency reserves of India?

Q. High powered money includes the cash reserves of commercial banks and the currency held by public.

Q. 27. Consider the following statement about Foreign Currency Assets (FCA) of India.
1.FCA is part of India’s foreign exchange reserve.
2.It valued in terms of US dollars.
3.It includes SDR holdings of Reserve Bank.
4. It is a multi-currency portfolio.
Which of the above statement(s) is/are correct?

The reserves held by commercial banks with the RBI , over and above the statutory minimum, are called

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Industry and Trade

ECONOMICS

Watch in App

explore_more_icon

Explore more

Foreign Exchange

Standard XI Economics

Join BYJU'S Learning Program

CrossIcon