Question
Solve for x: 5x − 7 = 3x + 9
Solution
ATQ, 5x − 7 = 3x + 9 5x − 3x = 9 + 7 2x = 16 ⇒ x = 8.
The exchange rate system where the value of a currency is pegged to another major currency or basket of currencies is called:
Exchange rate determination by comparing purchasing power of currencies is:
A company revalues its foreign currency receivable at the closing rate on balance sheet date. Under which Ind AS is this required?
The 'Tom Next' swap in forex markets refers to:
The risk of loss due to adverse changes in exchange rates is known as:
The difference between the buying and selling rates quoted by a dealer is called:
A firm in India has to pay €5 million in 3 months. They expect the rupee to depreciate against the euro. Which of the following hedging tools will bes...
If USD/INR = 83.00 and GBP/USD = 1.25, what is the GBP/INR cross rate?
In the forex market, the 'bid rate' refers to:
A company imports machinery payable in USD after 6 months. If the liability remains unpaid at year-end and the exchange rate has increased, how should t...
