n NISM Certifications
NSM General NISM
Medium

Person buys 1 USD and sells 1 USD in OTC spot from two different banks quoting 75.31/75.35. Currency conversion profit/loss vs single bank?

Practice question from NISM Series I - Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Profit of 3 paisa

  2. B

    Profit of 7 paisa

  3. C

    Loss of 6 paisa

  4. Loss of 4 paisa

    Correct answer

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

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