Which of the following currency is often referred to as the vehicle currency, in the foreign exchange market?

CA Foundation · Business Economics · PYQS · January 2026
Which of the following currency is often referred to as the vehicle currency, in the foreign exchange market?
(A) A. US Dollar
(B) B. Euro
(C) C. Russian Ruble
(D) D. INR

Suggested Answer and Working Notes:

Correct Answer: Option (A)

A. US Dollar

Topics: International Trade

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