“Vehicle currency “refer to

CA Foundation · Business Economics · MTP · September 2024
“Vehicle currency “refer to
(A) A. 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.
(B) B. a currency that is traded internationally and therefore is in high demand
(C) C. either a or b
(D) D. None of these

Suggested Answer and Working Notes:

Correct Answer: Option (A)

A. 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: International Trade

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