What does the two way rates quoted as 1$=75.10/11 ₹, mean?
A1$ is being sold at 75.11 ₹.Correct AnswerIncorrect Answer
B1$ is being sold at 75.10 ₹.Correct AnswerIncorrect Answer
C1$ is being sold at 75.21 ₹.Correct AnswerIncorrect Answer
D1$ is being sold at 75.01 ₹.Correct AnswerIncorrect Answer
E1$ is being sold at 74.99 ₹.Correct AnswerIncorrect 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