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

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