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 most cost effective way to exchange foreign currency?
Last Answer : Counterintuitively, it is often credit card companies which offer the fairest exchange rates, but too late! You already chose cash. Try Bank Leumi. They have an international reputation for fair exchange, and you don’t have to get sheckles :)
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 : 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 : 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 : 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 : 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 : 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
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 : increased export and improvement in balance of payment
Description : Do you know of a currency calculator that uses the exchange rate at an earlier date?
Last Answer : answer:I've seen one. I wanted to see how the value of euros relative to American dollars had changed since I bought some. I found it by some persistent Googling: as I got warmer, I picked up key terms and ... took a while, but I can at least tell you that I did it and therefore that it can be done.
Description : Overseas flight: Do I exchange my currency at departure or arrival?
Last Answer : I exchange a small-ish amount ($100 to $200) at departure and then more as I need it at my destination. Of course, I do most of my spending through credit cards, so they will do the exchange for me when it’s the most profitable for them.
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 : Why is currency accepted as a medium of exchange? -SST 10th
Last Answer : . Modern forms of money include currency-paper notes and coins. . Modern currency is not made of precious metals such as gold, silver and copper. . The modern currency is without any use of its ... is allowed to issue currency. . No individual in India can legally refuse a payment made in rupees.
Description : Why is modern currency accepted as a medium of exchange without any use of its own ? Find out the reason. -SST 10th
Last Answer : Modern currency is accepted as a medium of exchange: 1. Modern currency is accepted as a medium of exchange because it is authorized by the central government of a country. 2. In India, RBI issues the ... to issue the currency. 3. The rupee cannot be refused legally as a medium of payment in India.
Description : Modem currency is without any use of its own'; then why is it accepted as a medium of exchange ? -SST 10th
Last Answer : Modern currency is accepted as a medium of exchange because it is authorised by the government of the country.
Description : What is money ? Why is modern money currency accepted as a medium of exchange ? -SST 10th
Last Answer : Money is the medium of exchange used for exchanging goods, commodities or properties. Before money, barter system was present in the society, Modern money currency is accepted as a medium of exchange ... No individual can legally refuse payment in rupees so it is used as a medium of exchange.
Description : What is money? Why is modern money currency accepted as a medium of exchange? -SST 10th
Last Answer : Money is something that can act as a medium of exchange in transactions. Everyone prefers to receive payments in money and then exchange the money for things they want. For example, take the case of ... a person holding money can easily exchange it for any commodity or service that he or she wants.
Description : Why is modern currency accepted as a medium of exchange without any use of its own ? -SST 10th
Last Answer : Modern currency is accepted as a medium of exchange without any use of its own because: (i) Modern currency is authorized by the government of a country. (ii) In India, the Reserve Bank of ... settling transactions in India. (v) No individual in India can legally refuse a payment made in rupees.
Description : where can I exchange canadian currency?
Last Answer : You can do it at your bank or money exchange shops. Compare the rates.
Description : Where is best Currency Exchange Specialists in Melbourne Australia i want to exchange Australian dollars convert into united state dollars.?
Last Answer : Hi, Alex. It is hard to tell, especially when we do not know exactly where you are writing in Australia. Finding a place that does not charge anything for converting cash will be impossible, that I ... and ask for their prices and how their commissions work. That would be your best bet. Good luck!
Description : Where can I find the US currency exchange rate online?
Last Answer : You can find the US currency exchange rate online at http://finance.Yahoo.com/currency-converter. Or you can also try this website http://www.exchangerate.com/.
Description : What is the current US currency exchange rate for Pesos?
Last Answer : Pesos are not a singular currency. For example, the Mexican Peso is different than the Argentine Peso. So you cannot know a specific US Dollar to Peso rate until you know which Peso you are dealing with. You can find a specific exchange rate at www.x-rate.com.
Description : What is the current US currency exchange rate in Mexico?
Last Answer : This will usually change from year to year. The current exchange rate of Mexican money into US dollars is 12.83059 Mexican pesos to 1 US dollar.
Description : What is the currency exchange rate between Spain and the US?
Last Answer : Spain uses the euro. The conversion right now is $1 US = .74 euro. 1 euro = $1.36 US.