With reference to foreign exchange rate theory, which of the following statement is/are correct?
(1) Mint Parity theory is applicable in inconvertible paper currency standard.
(2) Balance of Payment theory was propounded by Prof. Gustav Cassel.
Select the correct answer
A. Only 1
B. Only 2
C. Both 1 and 2
D. Neither 1 nor 2
Answer: Option D
This Question Belongs to Commerce >> Banking And Financial Institutions
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