Question
A number when divided by 21 gives a remainder of 7. What
would be the remainder when six times the number is divided by 21?Solution
ATQ,
Let the number be:
Number = 21E + 7, where E is an integer.
Six times the number = 6 × (21E + 7) = 126E + 42
Now divide by 21:
(126E + 42) = (126E + 21 + 21)
⇒ Remainder = 0
If USD/INR = 83.00 and GBP/USD = 1.25, what is the GBP/INR cross rate?
It is essential to standardize the accounting principles and policies in order to ensure
An Indian exporter receives a payment of USD 50,000 when the exchange rate is ₹83/USD. At the year-end, the rate drops to ₹80/USD and the amount is ...
The exchange rate system where the value of a currency is determined by market forces is called a:
The difference between the buying and selling rates quoted by a dealer is called:
In the forex market, the 'bid rate' refers to:
A company revalues its foreign currency receivable at the closing rate on balance sheet date. Under which Ind AS is this required?
Covered Interest Arbitrage involves:
An importer based in India has a large payment to make in EUR after 2 months. To reduce exchange rate risk, the firm buys a European Call Option with a ...
Exchange rate determination by comparing purchasing power of currencies is: