Q854
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
AnswerB.
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
Solution
Answer: Option A
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