CDS 2021Question #106Balance of Payments & Exchange Rate
Exchange rates state the value of one currency in terms of other currencies. Which one of the following statements with respect to the exchange rate of currency is correct?
AFloating exchange rates are rates in which the Governments interfere by buying or selling their currencies.
BFixed exchange rates are rates set by Government decisions and maintained by Government actions.
CUnder the Bretton Woods System, the exchange rates are floated in terms of rise or fall in price of gold.
DUnder the classical gold standard, the exchange rates are fixed in terms of the price of the dollar.
Q: Exchange rates state the value of one currency in terms of other currencies. Which one of the following statements with ... | CDS 2021 PYQ | UPSCGPT