The maxim 'buy low; sell high' is applicable for
A) Quotation of Pound-Sterling.
B) Indirect rates.
C) Direct rates.
D) USDOLLARS.
Correct Answer:
Verified
Q1: Maintaining a foreign currency account is helpful
Q2: India's foreign exchange rate system is?
A)Free float
B)Managed
Q3: Hedging transaction is indicated by
A)Transactions in odd
Q4: Indirect rate in foreign exchange means
A)The rate
Q6: India is facing continuous deficit in its
Q7: The effect of speculation on exchange rate
Q8: The demand for domestic currency in the
Q9: If PPP holds
A)The nominal exchange rate will
Q10: The forward US dollar is quoted at
Q11: Determination of forward rates is explained by
A)Uncovered
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