Consider the following statements about Foreign Exchange Reserves:
1. These may include foreign currencies, bonds, treasury bills, and other government securities.
2. Reserves are denominated and expressed in the US dollar.
3. SBI is the custodian of the Foreign exchange reserves in India.
Which of the above statement is/are not correct?
These may include foreign currencies, bonds, treasury bills, and other government securities. Reserves are denominated and expressed in the US dollar, which is the international numeraire for the purpose. RBI is the custodian of the Foreign exchange reserves in India.
A. short of money and almost broke
B. we had to borrow money from
C. no credit cards, cash or even any identification
D. my grandp...
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C. they ra...
