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Home Questions QYHE2HM644
Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: Open Economy Macro Economics

Question:

A person willing to purchase a house in United Kingdom, demands Rupees to make this purchase. What do you think about the statement?

Options:

The statement is true

The statement is false

There is insufficient information

Can't say anything about the statement

Correct Answer:

The statement is false

Explanation:

The correct answer is Option 2: The statement is false

If a person needs to purchase a house in United Kingdom, he would be making payment in currency that is circulated in that country. Thus, demand for Pound would increase.

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