Question : The market rate of exchange also reveals information about the _____.
Option 1: Slope of PPC
Option 2: Slope Indiiffrecne Curve
Option 3: The slope of budget line
Option 4: None of the above
Correct Answer: The slope of budget line
Solution : The slope of the budget line, which is the ratio of the price of good X to the price of good Y, is the marginal rate of exchange. The marginal rate of substitution, on the other hand, is the slope of the indifference curve that measures the units of good y sacrificed to gain one additional unit of good x. Hence C will be the correct option.
Question : Marginal rate of exchange also denotes:
Question : The price line is equivalent to:
Question : It refers to the rate at which currency is exchanged for others.
Question : It refers to a system in which foreign exchange rate is determined by market forces in central bank influence the exchange rate.
Question : Which market is known as stock market or stock exchange?
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