Which of the following statement is true?
1. Rs. 63/USD is direct quote in India.
2. Rs. 63/USD is direct quote in USA.
3. 1 Rupee = 0.0158 dollars is indirect quote in India.
4. 1 Rupee = 0.0158 dollars in indirect quote in USA
A. Both 1 and 2
B. Both 2 and 3
C. Both 1 and 3
D. Both 2 and 4
Answer: Option C
This Question Belongs to Management >> International Finance And Treasury
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