Civil Services UPSC CAPF (Assistant Commandants) Test Series 2025 General Knowledge Economy Money and Banking
Consider the following statements:
1. Hard Currency is the international currency in which the highest faith is shown and is needed by every economy.
2. Soft Currency is the currency that is easily available in any economy in its Forex market.
3. Heated Currency is a term used in the forex market to denote the domestic currency which is under enough pressure (heat) of depreciation.
How many of the statements given above are correct?
1
Only one
2
Only two
3
All three
4
None