Description : Non-monetary items in foreign currency shall be converted into reporting currency by using which exchange rate? a. closing rate b. average rate c. actual rate effective on date d. all the above
Last Answer : c. actual rate effective on date
Description : Non-monetary items which are carried in terms of historical cost denominated in a foreign currency should be reported using the exchange rate at the date of the ___________ (a) Balance Sheet (b) Transaction (c) Settlement (d) None of the above
Last Answer : b) Transaction
Description : I want to move to São Paulo, Brasil. Which currency is most efficient for me to exchange, euro or pound sterling?
Last Answer : Why traveller’s cheques? Put your savings in some high interest rate deposit (ING-like) instead. In one year you will find yourself with +5%, and the choice of buying traveller’s cheques in different currencies still intact.
Description : I want to do a foreign exchange in England, is Bristol a good city choice?
Last Answer : answer:yeah it’s got a great music scene too, but it is quite expensive. Northern England is a lot cheaper, and Manchester, Leeds, Sheffield are all great! I’ve heard Newcastle is fun too, but you probably wouldn’t be able to understand the language. I ♥ Sheffield…
Description : What's a good place in the USA to trade foreign currency at the face exchange rate?
Last Answer : You’ll probably do best at your own bank if they do exchanges.
Description : What is the best month of the year to exchange U.S. Dollars for foreign currency?
Last Answer : ad would know this one he works with the currency every week day but i cant answer this one sorry
Description : Where do I go to exchange foreign currency?
Last Answer : The best place to convert your dollars to yen is right at the airport; they have bank offices specifically for this. Outside of the airport, the best place to do this will be any bank branch.
Description : By which rate is the domestic current rate of currency converted into foreign currency? A. Bank Rate B. CRR C. Stock Exchange Rate D. Repo Rate E. Exchange Rate
Last Answer : E. Exchange Rate Explanation: An exchange rate aka a (foreign-exchange rate, forex rate, FX rate or Agio) between two currencies is the rate at which one currency will be exchanged for another. It is also regarded as the value of one country‘s currency in terms of another currency.
Description : _________ is an account maintained in foreign currency with an Authorised Dealer Bank. A. Exchange Earners Foreign Currency Account B. Exchange Eligible Foreign Currency Account C. Earners ... Account D. Earners Exchange Foreign Currency Account E. Equity Exchange Foreign Currency Account
Last Answer : A. Exchange Earners‟Foreign Currency Account Explanation: Exchange Earners‘ Foreign Currency Account (EEFC) is an account maintained in foreign currency with an Authorised Dealer Bank (Category – I Bank) in foreign exchange.
Description : Which of the following constitutes Foreign Direct Investment? A. A speculator trying to make a profit by buying company shares on a foreign stock exchange. B. A UK energy company buying territory ... D. A company signing an agreement with a wholesaler to distribute its products in foreign markets.
Last Answer : A tourist purchasing foreign currency to spend on a holiday abroad.
Description : The ratio of foreign rates to domestic rates measured in the 'same' currency is known as: a) Real exchange rate b) Nominal exchange rate c) Superfluous exchange rate d) None of the above
Last Answer : a) Real exchange rate
Description : Foreign exchange risk can be reduced by using _____. A. forward contracts B. futures contracts C. currency options D. currency denomination E. all of the above
Last Answer : E. all of the above
Description : A foreign currency transaction should be recorded, on initial recognition in the reporting currency, by applying to the foreign currency amount the exchange rate between the reporting currency and the foreign currency at the date of the recording.
Last Answer : FALSE
Description : Traveling from US to Europe: what are your recommendations for currency conversion and cell phone/data?
Last Answer : answer:Your phone may not be compatible with the telephone networks in Europe. In any case, if you're leaving from the USA, you'll be at least 5 hours ahead of the US East coast, and farther ahead of the ... 's been a long time since I've traveled to Europe, so I can't suggest a number now, anyway.
Description : Do you know any brief paragraphs, or sentences written in foreign languages whose unique beauty does not bear translation?
Last Answer : “Your mother sucks cocks in hell, Karras, you faithless slime.”
Description : Is there a word or two that you know in a foreign language?
Last Answer : answer:Hai, pazhalsta y kamsahamnida. I’ve always found being polite can go a long way when trying to get by in a foreign country. Oh and pi jiu is handy too; after all, so much talking makes a person thirsty. apologies for spelling at best it’s phonetic
Description : How do you prepare for a trip to a foreign country?
Last Answer : answer:Does anyone travel to a foreign country without at least making reservations ahead of time? O_o I am anal as all hell about preparing to travel abroad because of my numerous misunderstood and rare ... go wrong at any point! It's better to be overprepared than underprepared and S.O.L !
Description : Which foreign country do you admire and why?
Last Answer : Canada. Oh, wait…
Description : Are you ill suited for foreign travel?
Last Answer : No. I’ve had the good fortune of traveling a bit now and then. I enjoy it.
Description : When sailing to a foreign land, is it necessary to show your passport to the harbormaster?
Last Answer : answer:Yes - you have to go in and check in with the Harbormaster. Usually, there are custom officials in the major ports and it can be quite an elaborate procedure, involving payment many times. In ... mooring. You would dock the boat and then go to the Harbormaster or Customs House to check in.
Description : Watching American football games online while in a foreign country?
Last Answer : answer:Did you even bother checking nfl.com first? http://www.nfl.com/gameaccess
Description : How would you feel if someone insisted in speaking a foreign language around you, even though you absolutely knew they could speak your language?
Last Answer : Happens all the time. Some people just feel more comfortable communicating in their own language. I never assume I am being talked about. And, I just expect people in other countries to speak their own language. Afterall, America is sooo tolerant of people speaking languages other than english.~
Description : If you spend any amount of time working in foreign countries, is getting used to the damned keyboard the toughest thing about your travels?
Last Answer : LOL Umlaut-paranoia?
Description : For those who have foreign-born parents. grandparents, & great grands, have you ever visited your ancestors' birth city? What were your impressions?
Last Answer : Yep, not what I expected…
Description : Has anyone done the exchange lodging thing where you switch homes with people from other parts of the world?
Last Answer : There are student / cultural exchange programs in which students from different parts of the world live with other family for a period of say couple of months and try to understand their traditions / way of living. I’m not sure it’s done through which org and what are eligibility criteria for that.
Description : Which high school student exchange program would you suggest?
Last Answer : Are you a high school or college student? Where are you from? What languages do you speak? Is there a particular part of the world you’d like to see?
Description : Have you seen cash exchange rates that are worse than travelers check rates?
Last Answer : Check with your bank to see if they charge an international fee for ATM use. Some banks charge this while others do not. If you are lucky enough to have a no-charge bank, this is often the cheapest ... 's cheques cost 1% as well. That said carrying large amounts of cash with you is not very safe.
Description : What do you do with foreign coinage that gets mixed in with your country's currency?
Last Answer : Currency is whatever we define it to be. It's only invalid if one party attempts to use something other than what both parties have agreed to. If the shopkeeper accepts a pint of goat's blood I ... to it, then it's my responsibility to provide currency that he does accept, or else void the sale.
Description : A person returning from abroad can retain foreign currency up to what period? -Do You Know?
Last Answer : answer:
Description : What is Foreign Currency Account ?
Last Answer : The foreign currency account is the deposit of foreign currency by the native citizens residing abroad. These accounts are conducted in foreign currency.
Description : Foreign currency which has a tendency of quick migration is called - (1) Scarce currency (2) Soft currency (3) Gold currency (4) Hot currency
Last Answer : (4) Hot currency Explanation: Hot money or currency is a term that is most commonly used in financial markets to refer to the now of funds (or capital) from one country to another in ... money" because they can move very quickly in and out of markets, potentially leading to market instability.
Description : The outcome of 'devaluation of currency' is - (1) increased export and improvement in balance of payment (2) increased export and foreign reserve deficiency (3) increased import and improvement in balance of payment (4) increased export and import
Last Answer : (1) increased export and improvement in balance of payment Explanation: Devaluation is a reduction in the exchange value of a country's monetary unit in terms of gold, silver, or foreign ... home country's export sales and discourages expenditures on imports, thus improving its balance of payments.
Description : Deposits under Foreign Currency Non-Resident(FCNR) scheme can be accepted for a minimum of________ A. Six months B. Three months C. One year D. 15 days E. None of the Above
Last Answer : C. One year Explanation: The deposits should be accepted under the Foreign Currency Non-Resident(FCNR) Scheme for the following maturity periods: One year and above but less than two years Two years ... above but less than four years Four years and above but less than five years Five years only
Description : What is the full form of FCCB? A. Foreign Currency convertible Bond B. Foreign Currency credit Bond C. Financial Consortium and Credit Bureau D. Future Credit and Currency Bureau E. None of the Above
Last Answer : A. Foreign Currency convertible Bond Explanation: Foreign currency convertible bonds (FCCBs) are a special category of bonds. FCCBs are issued in currencies different from the issuing company‘s domestic currency. A convertible bond is a mix between a debt and equity instrument.
Description : Deposits under Foreign Currency Non-Resident(FCNR) scheme can be accepted for a minimum of _______ A. 15 days B. 3 months C. 6 months D. 1 year E. 7 days
Last Answer : D. 1 year Explanation: Term Deposit with maturity of minimum 1 year & maximum 5 years can be opened under Foreign Currency Non-Resident(FCNR) scheme.
Description : In International Banking terms,”Appreciation” of Rupee means ________ A. Excess of exports over imports B. Purchasing power of rupee has come down C. Availability of less foreign currency vis-a-vis rupee D. Excess of imports over exports E. Availability of more foreign currency vis-a-vis rupee
Last Answer : C. Availability of less foreign currency vis-a-vis rupee Explanation: Currency Appreciation refers to increase in the value of domestic currency in terms of foreign currency. The domestic currency becomes more valuable and less of it is required to buy the foreign currency.
Description : A foreign currency denominated bond issued by foreign company in Singapore is known as ______ A. Yankee bond B. Bulldog bond C. Uridashi bond D. Husao bond E. Lion City bond
Last Answer : E. Lion City bond Explanation: Lion City bond foreign currency denominated bond issued by foreign company in Singapore.
Description : ____is a Current Account Maintained by one Domestic Bank on behalf of other domestic bank in foreign bank in foreign currency A. BSBDA B. CA C. LORO Account D. Mirror Account E. None of the Above
Last Answer : C. LORO Account Explanation: LORO Account is a Current Account Maintained by one Domestic Bank on behalf of other domestic bank in foreign bank in foreign currency.
Description : Local currency account maintained by a local bank for a foreign (correspondent) bank is termed as _________ A. Nostro Account B. Vostro Account C. LORO Account D. Mirror Account E. None of the Above
Last Answer : B. Vostro Account Explanation: Local currency account maintained by a local bank for a foreign (correspondent) bank is termed as Vostro Account.
Description : Which of the following refers to an account that a bank holds in a foreign currency in another bank? A. Nostro Account B. Vostro Account C. LORO Account D. Mirror Account E. None of the Above
Last Answer : A. Nostro Account Explanation: Nostro account refers to an account that a bank holds in a foreign currency in another bank.
Description : A money order returned from a foreign country of payment as not payable a) The sender will paid the value of the money order as actually paid in Indian currency at the time of issue without the ... MO without the MO commission d) The sender will be paid the value of the MO and half commission
Last Answer : a) The sender will paid the value of the money order as actually paid in Indian currency at the time of issue without the commission originally collected
Description : Which one is not the form of FDI A. Purchase of existing assets in foreign currency.B. New Investment in Property, planet and equipment. C. Making investment is the mutual funds D. Transfer of many type of asset
Last Answer : Purchase of existing assets in foreign currency.
Description : The contingent liability denominated in foreign currency at the balance sheet date is disclosed by using the ____________ rate.
Last Answer : Closing
Description : The contingent liability denominated in foreign currency at the balance sheet date is disclosed by using the __________ (a) Average Rate (b) Closing Rate (c) Non-monetary Rate (d) Monetary Rate
Description : A foreign currency transaction arises when an enterprise buys or sells goods or services whose price is denominated in the reporting currency.
Description : Foreign Currency is a currency other than the Indian rupee.
Description : ICDS-3 is applicable for a) Construction contract b) Foreign currency c) Inventory d) Revenue Recognition
Last Answer : a) Construction contract
Description : Devaluation of currency can correct a Balance of Payments deficit because___ A. It lowers price of exports in foreign currency and rises price of imports in home currency B. It raises price of ... and imports in foreign currency D. It lowers price of exports and imports in home currency
Last Answer : A. It lowers price of exports in foreign currency and rises price of imports in home currency
Description : 1. What was the main stipulation of Government of India Act, 1935 ? 2. Which compound is known as white vitriol? 3. A person returning from abroad can retain foreign currency up to what period? ... Gupta ruler was a poet and a musician and was adorned with the title of Kaviraja or King of poets?
Last Answer : Answer : 1. Complete independence guaranteed 2. ZnSO4 . 7H2 O 3. 90 days 4. Sulphur dioxide5. Mohenjodaro and Harappa 6. 2014-2024 7. Parthenocarpy 8. Government of India Act, 1858 9. 40% 10 ... Smith 14. 1948 15. Chandragupta Maurya 16. Auxins 17. President 18. Sulphur 19. Jupiter 20. Samudragupta
Description : Foreign currency which has a tendency of quick migration is called (1) Scarce currency (2) Soft currency (3) Gold currency (4) Hot currency
Last Answer : Hot currency