• A

    Ability to exchange one currency for another at a given conversion rate and in terms of the usability of a currency for foreign transactions

  • B

    Which states that exchange rates between currencies are in equilibrium when their purchasing power is the same in each of the two countries

  • C

    When one party of an economic transaction has equal degree of information in currency market about it and shared equally to arrive at uniform foreign exchange selection decision

  • D

    No one party can significantly influence foreign exchange rate in the market and all will be guided by asymmetric information