Q928
With reference to foreign exchange rate theory, which of the following statement is/are correct? (1) Mint Parity theory is applicable in inconvertible paper currency standard. (2) Balance of Payment theory was propounded by Prof. Gustav Cassel. Select the correct answer
A.
Only 1
B.
Only 2
C.
Both 1 and 2
D.
Neither 1 nor 2
AnswerAnswer: Option D
Solution
Answer: Option D
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