Vehicle Currency' refers to -

CA Foundation · Business Economics · MTP · June 2024
Vehicle Currency' refers to -
(A) A. a currency that is traded internationally and, therefore, is in high demand
(B) B. Currency of either of trading countries.
(C) C. a type of currency used in euro area for synchronization of exchange rates
(D) D. a currency that is widely used to denominate international contracts made by parties even when it is not the national currency of either of the parties

Suggested Answer and Working Notes:

Correct Answer: Option (D)

D. a currency that is widely used to denominate international contracts made by parties even when it is not the national currency of either of the parties

Topics: Determination of National Income

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