Question

3. Choose the correct statement from given below
(a) Balance of Trade is a component of capital account of Balance of Payments.
(b) Floating exchange rate is used to stabilise price of foreign currency.
(c) Increase in the supply of foreign exchange rate leads to fall in its price.
(d) Rise in exchange rate leads to revaluation of currency.​

Answer 1

option c

increase in the supply of foreign exchange rate leads to fall in its price.