Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
Following are the card rates announced by the dealing room at 9.00am in the morning
|
|
|
|
|
|
Cheques |
|
|
|
Selling Rate |
Buying Rate |
|
USD |
44.90 |
43.60 |
|
Euro |
54.05 |
52.55 |
|
|
|
|
|
|
Foreign Currency notes |
|
|
|
Selling Rate |
Buying Rate |
|
USD |
45.10 |
43.40 |
|
Euro |
54.30 |
52.30 |
Based on the above, answer the following question.
The rate charged for issue of foreign currency notes for travelling abroad to the customer.a.
54.30 in case of Euro and 45.10 in case of USD
b.
54.30
c.
45.10
d.
None of the Above
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