Q. In financial markets, the term “Greenback Buying” refers to:

[A] Purchasing stocks in environmentally friendly companies

[B] Investing in green bonds issued by the US government

[C] Investing in green bonds issued by the US government

[D] A financial trading strategy designed to maximize returns while managing risk

Answer: B
Notes:

Explanation – The term “Greenback” is a colloquial term for the US dollar, originating from the green ink used on the back of US currency notes during the American Civil War. In financial markets, “Greenback buying” refers to purchasing US dollars in exchange for another currency, typically in the context of foreign exchange (forex) trading or international financial transactions.

Source: News

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