New Click here to Enroll in NaBFID Analyst Intro Class on May 6

    Question

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

    mean?
    A 1$ is being sold at 75.11 ₹. Correct Answer Incorrect Answer
    B 1$ is being sold at 75.10 ₹. Correct Answer Incorrect Answer
    C 1$ is being sold at 75.21 ₹. Correct Answer Incorrect Answer
    D 1$ is being sold at 75.01 ₹. Correct Answer Incorrect Answer
    E 1$ is being sold at 74.99 ₹. Correct Answer Incorrect Answer

    Solution

    Two way rates: have separate rates for buying & selling. The rates are from Bank’s perspective: ·       While Buying rate is 75.10 in this case While Selling rate is 75.11 in this case

    Practice Next

    Relevant for Exams: