Foreign exchange rate means the rate at which the currency

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Foreign exchange rate means the rate at which the currency of one country can be traded for

1. The currency of any other country in the foreign exchange market
2. US Dollar, which is the strongest currency in any foreign exchange market
3. A fixed basket of currencies consisting of Dollar, Yen and Pound
4. The currency of any other country as determined by the International Monetary Fund

Correct Option: A

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