Dear Members .. place your answers with explanation ..
A New York bank wants to fund their account called ‘Vostro A/c’, with an Indian bank by ` 10 million. What dollar amount the New York bank would deposit in the Indian bank’s account called ‘Nostro A/c’, maintained in New York when inter bank rate is US$ 1 = ` 44.50 – 70?
A. US$ 2,23,713.64
B. US$ 2,24,216.37
C. US$ 2,24,719.10
D. US$ 2,23,965.00
The Answer is C
Please explain with simple logic why the rate we are taking 44.50...
Answer is C-
| $224,719.10 |
newyark bank wants 10 million rupees ,
it has US dollers
selling dollers and buying rupees
how many us dollers to sell for 10 million rupees buying...
newyark bank buying ruppes ....relavant rate bid ruppe/doller
so answer for this question is C .....
newyark bank wants 10 million rupees ,
it has US dollers
selling dollers and buying rupees
how many us dollers to sell for 10 million rupees buying...
newyark bank buying ruppes ....relavant rate bid ruppe/doller
so answer for this question is C .....
| Originally posted by : naramala chinna | ||
 |
newyark bank wants 10 million rupees , it has US dollers selling dollers and buying rupees how many us dollers to sell for 10 million rupees buying... newyark bank buying ruppes ....relavant rate bid ruppe/doller so answer for this question is C ..... |
 |
Correct Ans is Option -C. US$ 2,24,719.10
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