n NISM Certifications
XVIIA NISM Series XVII-A
Medium

Assume you are an exporter, and you want to sell USD that you have received as export remittance. The bank quotes a price of 75.10 / 75.12 for USDINR. At what price can you sell one unit of USD?

Practice question from Currency Derivatives Mock Test Test — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    75.12

  2. B

    75.11

  3. C

    75.09

  4. 75.10

    Correct answer

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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