The shape of supply curve of foreign exchange is : Option 1: A horizontal line parallel to x-axis Option 2: A vertical line parallel to y-axis Option 3: An upward sloping line Option 4: A downward sloping line

The answer is 'An upward sloping line'. View full solution:

The shape of supply curve of foreign exchan>= is :

A horizontal line paral<=l to x-axis

A vertical line paral<=l to y-axis

CUET Economics

Macro

Easy

A horizontal line parallel to x-axis

A vertical line parallel to y-axis

An upward sloping line

A downward sloping line

✅ Correct Option: 3

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Match List-I with List-II

List–I	List–II
(A) Devaluation	(I) Price of foreign currency in terms of domestic currency increase
(B) Revaluation	(II) Price of domestic currency in terms of foreign currency increases
(C) Depreciation	(III) Increase the exchange rate by the action of the Government
(D) Appreciation	(IV) Decreases the exchange rate by the action of the Government

Choose the correct answer from the options given below: