Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: Open Economy Macro Economics

Question:

Who are the buyers and sellers of foreign exchange?
i. Central bank
ii. Brokers
iii. Commercial banks
iv. Dealers

Options:

i, ii

ii, iv

iii, iv

i, ii, iii, iv

Correct Answer:

i, ii, iii, iv

Explanation:

Reserve of foreign exchange is maintained by Central Bank but brokers, dealers of foreign exchange and central and commercial banks – all of them can buy and sell them