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GK MCQs Section
Q. How many currencies are used in the Real Effective Exchange Rate (REER) that is both trade and export weighted indicator?
Answer: 36
Notes: The Real Effective Exchange Rate (REER) is a measure that reflects the value of a currency against a basket of other currencies, adjusted for inflation. It typically includes three major currencies: the US dollar, the euro, and the Japanese yen. These currencies are weighted based on trade volumes, making REER a crucial indicator for assessing a country's competitiveness in international markets. The use of three currencies allows for a balanced representation of global trade dynamics.

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