Select the incorrect pair out of the given pairs __________________.

Heated currency-a currency in low demand with depreciating tendencies

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Cheap currency-government purchasing its bonds before maturity.

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Hot currency-a hard currency fast exiting an economy.

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Near currency-an approved loan waiting disbursement to the borrower.

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Open in App

Solution

The correct option is D Near currency-an approved loan waiting disbursement to the borrower.
Near currency/money is the name given to the mortgaged asset, which has a monetary value but till the loan against it has been repayed, it lacks exchange value.

Suggest Corrections

Similar questions

सॉफ्ट करेंसी (Soft Currency) को अंतर्राष्ट्रीय व्यापार या होल्डिंग रिजर्व के लिए सबसे कम पसंद किया जाता है।
हॉट करेंसी (Hot Currency) एक घरेलू मुद्रा है जिसमें दुर्लभ मुद्रा (hard currency) में उत्थान के कारण मूल्यह्रास हो रहा है।
हीटेड करेंसी (Heated Currency) एक दुर्लभ मुद्रा (hard currency) है जो एक अर्थव्यवस्था से तेज गति से बाहर जा रही है।
हार्ड करेंसी (Hard Currency) एक अंतर्राष्ट्रीय मुद्रा है जिसमें सबसे अधिक विश्वास दिखाया जाता है।

State any two factors that explain expansion of demand for a foreign currency in response to a fall in its price (in terms of the domestic currency).

Join BYJU'S Learning Program