Options
-
54.25
Correct answer
- B
54.20
- C
54.30
- D
54.50
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XIII NISM Series XIII
Medium
#NISM
An exporter receives USD as export remittance and wants to sell the same. The bank quotes a price of 54.20/54.30 for USD INR. At what price can you sell one unit of USD?
Practice question from NISM Series XIII for SIF - Mock Test 9 — bank. The correct answer is highlighted below with a full explanation.