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Model Paper 3 — Economics STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceEconomicsModel Paper 31 Mark
MCQ
The equilibrium exchange rate is determined at the point where the
Image
  • A
    Demand for and Supply of foreign exchange has maximum gap
  • B
    Demand for and Supply of foreign exchange has normal gap
  • C
    Demand for and Supply of foreign exchange has minimum gap
  • D
    Demand for and Supply of foreign exchange is equal
✓

Answer

(d) Demand for and Supply of foreign exchange is equal
Explanation : At this point, the market for foreign exchange gets cleared

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