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 ₹.

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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

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