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Foreign exchange rate means the rate at ...

Foreign exchange rate means the rate at which the currency of one country can be traded for :

A

The currency of any other country in the foreign exchange market

B

US Dollar, which is the strongest currency in anyforeign exchange market

C

A fixed basket of currencies consisting of Dollar, Yen and Pound

D

The currency of any other country as determined by the International Monetary Fund

Text Solution

Verified by Experts

The correct Answer is:
A
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