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Which of the following statement is true?
Statement I Exchange rate fluctuates to equate imports and exports.
Statement II Exchange rates fluctuate to equate the quantity of foreign exchange demanded with the quantity supplied.

Which of the following statement is true?
Statement I Exchange rate fluctuates to equate imports and exports.
Statement II Exchange rates fluctuate to equate the quantity of foreign exchange demanded with the quantity supplied. Correct Answer Statement I is incorrect, but Statement II is correct

Related Questions

Assertion (A) : The volume of imports tends to be very high when there is a conjecture of high rate of economic growth and a sharp fall in the relative price of imports and vice versa. Reason (R) : High rate of growth, ceteris paribus, is associated with rise in imports and increase in the imports, ceteris paribus, is associated with a fall in the relative price of imports.
Under foreign exchange risk measurement, economic risk emerges out of which of the following?
1. Riskiness of company's foreign exchange positions resulting from its business activities.
2. The holding period or length of time over which the foreign exchange position is planned to be held.
3. A change in the present value of the future after tax cash flows due to changes in exchange rates.
4. The unit of currency to be used for the denomination of the value of currency.
The pie chart given below shows the imports of 7 different items P1, P2, P3, P4, PS, P6 and P7 as a percentage of total imports of a country. Find the difference between Imports of item P6 and imports of item P5?
In the question below, are given a statement followed by three courses of actions numbered I, II and III. On the basis of the information given, you have to assume everything in the statement to be true, and then decide which of the following suggested courses of actions logically follow(s) for pursuing. Statement: The government will ‘very soon’ implement the second set of measures including curb on imports of non-essential items to shore up rupee to 68-70 level against the US dollar, Economic Affairs Secretary Subhash Chandra Garg said, terming the about 12 per cent slide in the currency as a temporary phenomenon. The government had earlier this month announced easing of overseas borrowing norms for manufacturing companies, removal of restrictions on foreign portfolio investors (FPI) investment in corporate bonds and tax benefits on Masala bonds to shore up rupee and check widening of current account deficit.  Courses of action: I. Now, the Centre has prepared a list of non-essential items whose imports can be curbed and also drawn up a separate list of goods whose exports can be boosted with a little policy intervention. II. A group headed by the Commerce Secretary has ‘more or less’ completed its task on finalizing the list. III. The rupee has been battered for over a month now amid sell-offs sweeping emerging markets following a rout in the currencies of Argentina and Turkey. 
Which of the following statements is/are with respect to rates in the building estimation? A) The rates for building estimation are usually taken from PWD schedule of rates, with appropriate escalation charges. B) Rates for different items in the estimate are the current rates for the completion of the items of work.
Which of the following statement is true?
Statement I Cross rate represents when one unit of foreign currency is represented in the terms of another foreign currency.
Statement II Cross rates are determined only with the help of domestic currency and the foreign currency.
After GST and demonetisation, rising interest rates are set to hurt SMEs. Interest rates for loans against property (LAP) extended to small and medium sized enterprises (SMEs) are set to rise in the coming months of 2018 ‘ Rising interest rates, in addition to the muted operating environment for small businesses in India, will lead to an increase in delinquencies on LAP extended to SMEs’. The introduction of the goods and services tax (GST) in July 2017 and the government's demonetization policy have placed stress on the SME sector, which rising interest rates will exacerbate. Which of the following can be logically inferred from the statement above?
Given below are four jumbled sentences. Select the option that gives their correct order. Interest rates, in turn, are a crucial determinant of how much firms and consumers want to spend. Conversely, a consumer may be lured into buying a new home if interest rates are low and mortgage payments are therefore more affordable. A firm faced with high-interest rates may decide to postpone building a new factory because the cost of borrowing is so high. The Federal Reserve System strongly influences the size and growth rate of the money stock, and thus the level of interest rates in the economy.
If rf and rd are the interest rates of a foreign country and domestic country, respectively and if $${S_{\frac{F}{D}}}$$ and $${S_{\frac{F}{D}}}$$ are spot exchange rate and forward exchange rate between the countries F and D, the interest rate parity is indicated by
Which of the following statements are true/false?
1. A minimum rate of wages for the time spent by employees for the production of output is minimum time rate.
2. Minimum piece rate is the rate based on the quantity of the output employees have produced.
3. The guaranteed time rate is a minimum rate of remuneration to apply in the case of employees employed on piece work for the purpose of securing to such employees a minimum rate of wages on a time work basis.
4. A minimum rate of remuneration to apply in the case of employees employed on piece work for the purpose of securing to such employees a minimum rate of wages on a time work basis is overtime rate.