MyQuestionIcon

24

You visited us 24 times! Enjoying our articles? Unlock Full Access!

Demand and Supply of Foreign Exchange

Which of the ...

Question

Which of the following functions are performed in a foreign exchange market?

A

All of these

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

B

Hedging function

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

C

Credit function

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

D

Transfer function

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

Open in App

Solution

The correct option is A
All of these

The foreign exchange market performs credit, hedging, and transfer functions.

Suggest Corrections

thumbs-up

3

Similar questions

Q. Which of the following foreign exchange functions are performed by commercial banks ?
1.Transfer purchasing power through telegraphic transfers
2.Provide credit for foreign trade
3.Furnish facilities for hedging foreign exchange risks.
Select the correct answer using the codes given below :

Q. We very frequently read about the activities of the Foreign Exchange Market in newspapers/magazines. Which of the following is/are the major functions of the same?
A. Transfer of purchasing power from domestic to foreign market
B. Providing credit for financing foreign trade
C. Power to purchase gold from foreign countries, as most of the nations still work on Gold Standards

Q. In which of the following organisms all the functions are performed by a single cell

Q. 'The stock exchange performs many vital functions in today's commercial world'. Explain any three such functions.

Q. Which of these functions is/are performed by hormones in our body?

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Foreign Exchange

ECONOMICS

Watch in App

explore_more_icon

Explore more

Demand and Supply of Foreign Exchange

Standard XII Economics

Join BYJU'S Learning Program

CrossIcon