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    5. Direct quotation is also known as

    Question

    Direct quotation is also known

    as
    A home currency quotation Correct Answer Incorrect Answer
    B foreign currency quotation Correct Answer Incorrect Answer
    C currency quotation Correct Answer Incorrect Answer
    D American quotation Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Direct quotation is  where the cost of one unit of foreign currency is given in units of local currency

    Practice Next
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    Relevant for Exams:

    • Union Bank of India SO
    • Bank of Maharashtra (Forex Officer)

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