Which one of the following is the correct sequence of decreasing order of the given currencies in terms of their value in Indian Rupees?
A
US dollar, Canadian dollar, New Zealand dollar, Hong Kong dollar
B
US dollar, New Zealand dollar, Canadian dollar, Hong Kong dollar
C
US dollar, Hong Kong dollar, New Zealand dollar, Canadian dollar
D
US dollar, Hong Kong dollar, Canadian dollar, New Zealand dollar
Correct Answer: Option A
Explanation
1. The question asks for the correct sequence of decreasing order of currency value in Indian Rupees as of 1998. Generally, the US dollar has the highest value.
2. Comparing the Canadian dollar, New Zealand dollar, and Hong Kong dollar against the Indian Rupee in 1998, the US dollar was strongest, followed usually by the Canadian dollar, then the New Zealand dollar, and lastly the Hong Kong dollar which was significantly lower.
3. Therefore, the sequence US dollar > Canadian dollar > New Zealand dollar > Hong Kong dollar is the most plausible decreasing order of value.
(Note: Actual exchange rates for 1998 would confirm the precise order between CAD and NZD, but USD is highest and HKD is lowest).