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Which statement best explains Exchange rate?

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Question ID #26954 UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC 2026 Full-Length Mock Test 5 Medium

Correct Answer: D. Price of one currency expressed in terms of another
Exchange rate: Price of one currency expressed in terms of another

Question: Which statement best explains Exchange rate?

A. Investment involving lasting interest and significant influence in an enterprise abroad

B. Fall in the market value of a currency relative to another currency

C. Multilateral body dealing with rules of international trade

D. Price of one currency expressed in terms of another

Correct Answer: D. Price of one currency expressed in terms of anotherExchange rate: Price of one currency expressed in terms of another

Which statement best explains Exchange rate? - MCQ Explanation

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Correct answer: D. Price of one currency expressed in terms of another