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This question belongs to Management International Finance And Treasury

International Finance and Treasury

?

Which of the following option is correct?
Statement I Direct quote is when the foreign currency remains fixed and the home currency keeps on varying.
Statement II Quotations in direct quote are the ones that represent the value of a foreign currency in rupees (number of rupees per currency) are denoted as direct quotations.

A) Both statements are correct B) Both statements are incorrect C) Statement I is correct and Statement II is incorrect D) Statement II is correct and Statement I is incorrect

Answer & Solution

Correct Answer: Option A

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Question posted by Examveda

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