In global Forex markets, most exchange rates are quoted using major reference currencies like the USD, EUR, or JPY as intermediaries. When no direct exchange quote exists between two specific currencies being traded, which of the following is used to determine their exchange value?

Question

General Studies · Foreign Exchange Markets

Verified Solution4 OptionsUpdated: October 2026👁️1 View

Share:

Correct answer

Cross-currency rate derived through a common vehicle currency

Save this question and verified answer as a clean study sheet with live clickable link.

👥

Challenge your peer aspirants on WhatsApp or Telegram to solve this question!

Online Test Series

Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.

Chapter Practice

Want more practice questions on Foreign Exchange Markets?

Solve complete topic-wise tests with detailed solutions on GkGet.

Recommended practice questions in General Studies · Foreign Exchange Markets

The arrival of which commission in India triggered widespread protests, including mass hartals across the country in 1928?

Which of the following leaders was instrumental in initiating and leading India’s struggle for independence?

Answer 1

Fixed Gold Standard rate

Answer 2

Futures derivative valuation option

Answer 3

Domestic inflation index adjustment

Answer 4

Cross-currency rate derived through a common vehicle currency

Related Practice Questions