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: Option A
This Question Belongs to Management >> International Finance And Treasury
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