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A Forex dealer quotes the bid rate of 8 0 INR / $ and ask rate of 8 1 INR / $ . Which of
A Forex dealer quotes the bid rate of INR$ and ask rate of INR$ Which of the following is true?
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Suppose an importer from India needs to pay the import bill of Mn$ in USD. Then the Indian importer will have to spend Mn INR to satisfy his import bill.
Suppose an importer from India needs to pay the import bill of Mn$ in USD. Then the Indian importer will have to spend Mn INR to satisfy his import bill.
The forex dealer has quoted the bid and ask rates incorrectly as heshe will earn negative commission by quoting ask more than the bid rate.
Both a and c
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