ExamVeda
Login
Home

An Indian company is importing machine at a price of 5...

This question belongs to Management International Finance And Treasury
International Finance and Treasury
?

An Indian company is importing machine at a price of $ 5,00,000, payable after six month. The current exchange rate is Rs. 63 US $. The forward contract for six months is available @ Rs. 64 per US $. If the rate turns out to be Rs. 64.25 per US $, the net gain to the importer in case he has entered into contract will be

Answer & Solution
Correct Answer: Option A
Let's discuss the solution. Join the discussion
Examveda
Question posted by Examveda
Community

Join the Discussion

No comments yet Be the first to discuss this question.
Keep Learning

Related Questions on International Finance and Treasury

The world’s four major trading currencies are all free to float against each other. They include all the following except.
A. The British Pound B. The Japanese Yen C. The Spanish Peso D. The US Dollar
Not a profit maximizing business is
A. International Monetary Fund B. International bank for Reconstruction and Development C. International Financial Corporation D. World Trade Organisation
Gifts and Relief are
A. Merchandise Payment B. Service Payment C. Factory Income D. Transfer payment
Nations that have major economic expansion attract
A. Imports B. Direct Foreign Investment C. Exports D. Privatization
More Related Questions on International Finance and Treasury