If two banks are quoting the following GBP rates: Bank A: Rs.78.9810-79.1110 and Bank B: Rs.79.0110-19.2350. The arbitrage opportunity will be _________________
A) 100
B) 0
C) 124
D) 142
Correct Answer:
Verified
Q13: _ is widely used by Government for
Q14: Under gold standard system, countries gold reserves
Q15: _ is also known as price quotation.
A)Direct
Q16: _ is also known as price Quantity
Q17: _ is todays quote.
A)Spot Quote
B)Forward Quote
C)Inter Bank
Q18: _ is also known as Bid office
Q19: _ is also known as reference rate.
A)Interbank
Q20: Price of _currency in terms of national
Q21: US Dollar serves as a _ Currency.
A)Vehicle
B)Foreign
C)National
D)Forex
Q22: Bid rate is lesser than _ rate.
A)Inverse
B)Ask
C)Cross
D)Foreign
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