This topic contains 2 replies, has 2 voices, and was last updated by  Milky Floor 5 months, 3 weeks ago.

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  • #1006842 Reply
     EduGorilla 
    Keymaster
    Select Question Language :


    The Rate at which the domestic currency can be converted into foreign currency and vice-versa is known as the _________

    Options :-

    1. Exchange Rate
    2. MIBOR
    3. Interbank Call money rate
    4. Base Rate
    5. LIBOR
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  • #2171262 Reply
     John Smith
    Select Question Language :


    Is it the exchange rate? I’m thinking about joining the foreign exchange market, so I need to learn about it

  • #2171266 Reply
     Milky Floor
    Select Question Language :


    That’s actually profitable if you’re interested. I think it’s a good decision to at least try it in order to understand, so I suggest that you find a platform with tight spreads and become a trader. Or just try a demo account and decide for yourself if trading is for you in general. I’m sure that you won’t regret it, so good luck!

Reply To: The Rate at which the domestic currency can be converted into foreign currency and vice-versa is kno….
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