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Economics › Foreign Exchange,Currency Devaluation

Economics › Foreign Exchange,Currency Devaluation

Consider the following statements: The price of any currency in international market is decided by the
1. World Bank
2. Demand for goods/services provided by the country concerned
3. Stability of the government of the concerned country
4. Economic potential of the country in question
Which of the statements given above are correct?

Options

(a)

1, 2, 3 and 4

(b)

2 and 3 only

(c)

3 and 4 only

(d)

1 and 4 only

Answer

(B)