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Question
Today, Indian rupees can move to the US, US dollars to China, Chinese Yuan to Italy, and the Euro to India.
Answer the following questions:
(a) What is the movement of currency called?
(b) How is this movement possible?
Today, Indian rupees can move to the US, US dollars to China, Chinese Yuan to Italy, and the Euro to India.
Answer the following questions:
(a) What is the movement of currency called?
(b) How is this movement possible?
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Solution
The correct option is C (a) Flow of capital
(b) Globalization
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Globalization is the process in which goods, services, capital, and technology are exchanged between countries without any boundaries. The movement of capital takes place through foreign investments. Therefore, to ensure hassle-free and safe movement of capital from one country to another, a global financial system has been established.
(b) Globalization
<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> Globalization is the process in which goods, services, capital, and technology are exchanged between countries without any boundaries. The movement of capital takes place through foreign investments. Therefore, to ensure hassle-free and safe movement of capital from one country to another, a global financial system has been established.
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