13 years ago 13 years ago

Forex Quotation Illustration 13

by Score Tutorial 13 years ago13 years ago

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Forex Quotation Illustration 13

Following are the quotes given by a banker at Mumbai, identify whether the quote is direct or indirect quote. Compute the direct quote for indirect quote and vice versa.

a) 1$ = 45.85

b) 100 = UK £ 1.2312

c) 100 = € 1.7850

d) 100 = US $ 2.2002

e) 1 ¥ = 0.4129

(Ans.: (a) Direct, 2.1810$/100 (b) Indirect, 81.22 /£, (c) Indirect, 56.0224/€, (d) Indirect, 45.45/$, (e) Direct, 2.42 ¥/)

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Forex Quotation Illustration 13

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