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Model Paper 1 — Economics STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceEconomicsModel Paper 11 Mark
MCQ
In the diagram below, at exchange rate $OP _1$, there is
Image
  • A
    Equilibrium
  • B
    Either Excess demand and Excess supply
  • C
    Excess demand
  • D
    Excess supply
✓

Answer

(d) Excess supply
Explanation: At exchange rate OP, there is more supply of foreign currency than demand, this represents the situation of excess supply.

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