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The existence of different currencies is beneficial to private financial institutions because:

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Question:

The existence of different currencies is beneficial to private financial institutions because:

A.

Each country has its own currency.

B.

The exchange rate of each currency is fixed by the International Monetary Fund.

C.

A collapse in the exchange rate of a currency can cause economic disruption.

D.

Profits can be made from arbitrage.

Answer» a. Each country has its own currency.

Note: The above multiple-choice question is for all general and Competitive Exams in India.