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This question belongs to Management International Finance And Treasury

International Finance and Treasury

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IN the statement, INR/USD: 1.1250/1.1251, which of the following represent bid quote?
1. 1.1250
2. 1.1252
3. 1.1251-1.1250

A) Only statement 1 is correct B) Only statement 3 is correct C) Both statements 1 and 3 are correct D) Both statements 2 and 3 are correct

Answer & Solution

Correct Answer: Option A

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