Teaching BPSC बिहार माध्यमिक TGT (9 to 10) शिक्षक भर्ती 4.0 Mock Test General Knowledge Economy External Sector and Currency Exchange rate
Consider the following statements regarding Nominal Effective Exchange Rate (NEER) and Real Effective Exchange Rate (REER):
1. NEER is a weighted average of a country’s exchange rates with its trading partners, adjusted for inflation differences.
2. An increase in REER indicates that the country’s exports are becoming less competitive.
3. A REER value greater than 100 suggests that the currency is overvalued, making imports cheaper and exports costlier.
How many of the above statements are correct?
1
Only one
2
Only two
3
All three
4
More than one of the above
5
None of the above