Answer-What does the two way rates quoted as 1$=75.10/11 ₹, mean?

Two way rates have separate rates for buying selling. The rates are from Banks perspective While Buying rate is 75.10 in this case While Selling rate is 75.11 in this case

Question

What does the two way rates quoted as 1$=75.10/11 ₹,

mean?

A 1$ is being sold at 75.11 ₹.

B 1$ is being sold at 75.10 ₹.

C 1$ is being sold at 75.21 ₹.

D 1$ is being sold at 75.01 ₹.

E 1$ is being sold at 74.99 ₹.

Practice Next

More Alternate Sources of Finance Questions

Which cells are responsible for producing the myelin sheath in the nervous system?
Cell was discovered by
The largest gland in the human body is:
Who has been appointed as the CEO of KVIC (Khadi Village Industries Commission)?
Beri-Beri is a nutritional disorder caused by the :
Which of the following diseases is caused by a bacteria named 'Pseudomonas Solanacearum'?
Which vitamin deficiency causes ‘Sterility’?
Consider the following;

I.               Asthma

II.             Baldness

III.            Athle...
Fermentation is a
The deficiency of______ causes scurvy.

Relevant for Exams:

Union Bank of India SO

Bank of Maharashtra (Forex Officer)

What does the two way rates quoted as 1$=75.10/11 ₹,

Solution

Relevant for Exams: