What is the exchange that is done with foreign money?

What is the exchange that is done with foreign money?
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Answer :

A wide variety of foreign money is exchanged. It really depends on what currency is being used, and how much of that currency is being used, and the value of that particular currency.
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Mark correct option a) The resetting of the credit meter of the franking machine will be done at the POb) Cut out labels with frank impression on them for prepayment of postage cannotbe used for insured articlesc) The 2nd class articles treated as 1st class mail in sorting are Greetins/ Regd Newspapers/ Wedding invitationsd) The duty of taxing postage on foreign articles rest entirely with the office of foreign exchange of the country of postinge) All the above

Description : Mark correct option a) The resetting of the credit meter of the franking machine will be done at the PO b) Cut out labels with frank impression on them for prepayment of postage cannot be used ... articles rest entirely with the office of foreign exchange of the country of posting e) All the above

Last Answer : e) All the above

Can I exchange my foreign money into US dollars online?

Description : Can I exchange my foreign money into US dollars online?

Last Answer : Yes you can, by instance you may try Wells Fargo online.

where can i exchange foreign money in springfield ?

Description : where can i exchange foreign money in springfield ?

Last Answer : You might be able to exchange the money at an American Express office or the central headquarters of a large bank. Otherwise, you will probably have to conduct this business in Chicago or St. Louis. ... have only a small amount, it might not be worth the trouble. where can i exchange foreingmoney at

In monetary terminology, what is called the 'monetary base' or 'high powered money'? a) the total assets of RBI b) the total liability of RBI c) the total debt of the government d) the total foreign exchange of RBI

Description : In monetary terminology, what is called the 'monetary base' or 'high powered money'? a) the total assets of RBI b) the total liability of RBI c) the total debt of the government d) the total foreign exchange of RBI

Last Answer : b) the total liability of RBI This includes the currency (notes and coins in circulation and vault cash of commercial banks) along with the deposits held by the Government of India ad commercial banks with RBI.

According to monetary approach of Balance of Payments, the demand for money is a stable function of (a) income, prices and rate of interest (b) income and prices (c) prices and rate of interest (d) income, prices and foreign exchange reserves

Description : According to monetary approach of Balance of Payments, the demand for money is a stable function of (a) income, prices and rate of interest (b) income and prices (c) prices and rate of interest (d) income, prices and foreign exchange reserves

Last Answer : income, prices and rate of interest

Given an initial equilibrium in the money market and foreign exchange market, suppose the Federal Reserve increases the money supply of the United States. Under a floating exchange-rate system, the dollar would: A. Appreciate in value relative to other currencies B. Depreciate in value relative to other currencies C. Be officially devalued by the government D. Be officially revalued by the government

Description : Given an initial equilibrium in the money market and foreign exchange market, suppose the Federal Reserve increases the money supply of the United States. Under a floating exchange-rate system, the ... C. Be officially devalued by the government D. Be officially revalued by the government

Last Answer : B. Depreciate in value relative to other currencies

I want to do a foreign exchange in England, is Bristol a good city choice?

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…

I need ten questions to ask a foreign exchange student.

Description : I need ten questions to ask a foreign exchange student.

Last Answer : answer:I would have several questions prepared but only to start a conversation. If you pepper him or her, he will perhaps be self-conscious about his English, shy or overwhelmed. Start with ... his country and speak some of his language. What would make you comfortable and less tongue-tied?

What's a good place in the USA to trade foreign currency at the face exchange rate?

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.

What is the most cost effective way to exchange foreign currency?

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 :)

What is the best month of the year to exchange U.S. Dollars for foreign currency?

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

How can industrialization assist in bringing in foreign exchange? -Geography

Description : How can industrialization assist in bringing in foreign exchange? -Geography

Last Answer : For the development of the country industrial development should be the main concern which will eradicate poverty and unemployment. Public sector industries and joint sector ventures in India consider ... which increases trade and commerce of the country which in turn brings foreign exchange.

Which industry does not earn foreign exchange for India? -Do You Know?

Description : Which industry does not earn foreign exchange for India? -Do You Know?

Last Answer : answer:

Which authority sanctions foreign exchange for the import of goods? -Do You Know?

Description : Which authority sanctions foreign exchange for the import of goods? -Do You Know?

Last Answer : answer:

From which export does India earns maximum foreign exchange? -Do You Know?

Description : From which export does India earns maximum foreign exchange? -Do You Know?

Last Answer : answer:

Which industry earns the second highest net foreign exchange from the trade? -Do You Know?

Description : Which industry earns the second highest net foreign exchange from the trade? -Do You Know?

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When will the Foreign Exchange Control Act come into force ?

Description : When will the Foreign Exchange Control Act come into force ?

Last Answer : The Foreign Exchange Control Act came into force in 1973 .

What is foreign exchange ?

Description : What is foreign exchange ?

Last Answer : Foreign exchange is generally the exchange or exchange of foreign currency of one country with another.

Basic characteristics of the global foreign exchange market

Description : I have a question, please, What are the basic characteristics of the development of the global foreign exchange market in terms of individual transactions? Does anyone know? Thanks, he's in a hurry

Last Answer : The current situation is not favorable in virtually any country. the biggest snag is the existence of two parallel problems - one is the problems of the banks and the other is the debts of the ... centrally, and no one has dealt with the Greek side pushing euro banknotes as a race. (tuxedo)

How globalization will help to increase foreign exchange reserves?

Description : How globalization will help to increase foreign exchange reserves?

Last Answer : How globalization will help to increase foreign exchange reserves?

1. Regulate the foreign exchange : FEMA : : Regulate security market : __________

Description : 1. Regulate the foreign exchange : FEMA : : Regulate security market : __________

Last Answer : Complete the correlation: 1. Regulate the foreign exchange : FEMA : : Regulate security market ... of shares of sick public sector : Disinvestment

Host a Foreign Exchange Student and Explore a New Culture?

Description : Host a Foreign Exchange Student and Explore a New Culture?

Last Answer : Student exchange programs are for the adventurer of life, thosewho love to try new things and people who love exploration. Thereis no better way to learn a different culture than by experiencingthat culture. ... ; the family can learnjust as much. The two can teach each other a new language, bothl

Where do I go to exchange foreign currency?

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.

How do I get the most out of foreign exchange rates?

Description : How do I get the most out of foreign exchange rates?

Last Answer : In order to ensure that you are going to get a safe exchange rate when you go out of the country you may want to talk to your bank and possibly to a travel agent.

Foreign Exchange Students?

Description : Foreign Exchange Students?

Last Answer : Yes if your daughter plans on going over seas to be a foreign exchange student then it will be best for her to get insurance that will cover her while she is over there. Also make sure that she is up to date with her vaccinations as well.

What is cross rate ? (A) A rate of exchange derived from central bank (B) A rate of exchange between two currencies, other than those that form a market's principal rates (C) A rate of exchange derived from the quotations for buying currencies (D) A rate of exchange quoted by a dealer in foreign exchange for selling currencies

Description : What is cross rate ? (A) A rate of exchange derived from central bank (B) A rate of exchange between two currencies, other than those that form a market's principal rates (C) A rate of ... for buying currencies (D) A rate of exchange quoted by a dealer in foreign exchange for selling currencies

Last Answer : Answer: A rate of exchange between two currencies, other than those that form a markets principal rates

Which among the following is not a preventive detention act? (1) Terrorist and Disruptive Activities (Prevention) Act (TADA) (2) Prevention of Terrorism Act (POTA) (3) Conservation of Foreign Exchange and Prevention of Smuggling Activities Act (COFEPOSA) (4) Foreign Exchange Regulation Act (FERA)

Description : Which among the following is not a preventive detention act? (1) Terrorist and Disruptive Activities (Prevention) Act (TADA) (2) Prevention of Terrorism Act (POTA) (3) Conservation of Foreign Exchange and Prevention of Smuggling Activities Act (COFEPOSA) (4) Foreign Exchange Regulation Act (FERA)

Last Answer : (4) Foreign Exchange Regulation Act (FERA) Explanation: The Foreign Exchange Regulation Act (FERA) which was passed by the Indian Parliament in 1973 imposed stringent regulations on dealings in foreign ... exchange and the import and export of currency. Ti was not a preventive detention act.

The 73rd Constitutional amendment act is related to : (1) Foreign Exchange (2) Finance Commission (3) Panchayat Raj (4) RBI

Description : The 73rd Constitutional amendment act is related to : (1) Foreign Exchange (2) Finance Commission (3) Panchayat Raj (4) RBI

Last Answer : (3) Panchayat Raj Explanation: The Constitution (Seventy-third Amendment) Act, 1992 is related to Panchayati Raj in India. It added Part IX of the Constitution of India, related to Panchayats ... on which the Panchayats may be devolved with powers and responsibility by the State Legislatures by law.

A Trade Policy consists of - (1) Export-Import Policy (2) Licencing Policy (3) Foreign Exchange Policy (4) Balance of Payment Policy

Description : A Trade Policy consists of - (1) Export-Import Policy (2) Licencing Policy (3) Foreign Exchange Policy (4) Balance of Payment Policy

Last Answer : (1) Export-Import Policy Explanation: Trade policy, also called ExportImport policy, is a collection of rules and regulations which pertain to trade. Every nation has some form of trade policy in place ... taxes, tariffs, inspection regulations, and quotas can all be part of a nation's trade policy.

Open market operations of RBI refer to buying and selling of - (1) Commercial bills (2) Foreign exchange (3) Gold (4) Government bonds

Description : Open market operations of RBI refer to buying and selling of - (1) Commercial bills (2) Foreign exchange (3) Gold (4) Government bonds

Last Answer : (4) Government bonds Explanation: OMOs are the market operations conducted by the Reserve Bank of India by way of sale/ purchase of Government securities to/ from the market with an objective to ... are tight, the RBI will buy securities from the market, thereby releasing liquidity into the market.

Which one of the following is not a function of the central bank in an economy? (1) Dealing with foreign exchange (2) Controlling monetary policy (3) Controlling government spending (4) Acting as a banker's bank

Description : Which one of the following is not a function of the central bank in an economy? (1) Dealing with foreign exchange (2) Controlling monetary policy (3) Controlling government spending (4) Acting as a banker's bank

Last Answer : (3) Controlling government spending Explanation: A central bank, reserve bank, or monetary authority is a public institution that manages a state’s currency, money supply, and interest rates. Central banks also usually oversee the commercial banking system of their respective countries.

Full convertibility of a rupeee means - (1) purchase of foreign exchange for rupees freely (2) payment for imports in terms of ruppes (3) repayment of loans in terms of rupees (4) determination of rate of exchange between rupee and foreign currencies freely by the market forces of demand and supply

Description : Full convertibility of a rupeee means - (1) purchase of foreign exchange for rupees freely (2) payment for imports in terms of ruppes (3) repayment of loans in terms of rupees (4) determination of rate of exchange between rupee and foreign currencies freely by the market forces of demand and supply

Last Answer : (4) determination of rate of exchange between rupee and foreign currencies freely by the market forces of demand and supply Explanation: The full convertibility of the Indian currency means ... governmental control. Presently, the issue of capital account convertibility is in the discussion stage.

The main emphasis of Keynesian economics is on - (1) Expenditure (2) Exchange (3) Foreign trade (4) Taxation

Description : The main emphasis of Keynesian economics is on - (1) Expenditure (2) Exchange (3) Foreign trade (4) Taxation

Last Answer : (1) Expenditure Explanation: Keynesian Economics is an economic theory of total spending in the economy and its effects on output and inflation. It emphasizes that government expenditures (or tax cuts) leads to increase in GDP which is a multiple of the original expenditure.

Under flexible exchange rate system, the exchange rate is determined by - (1) the Central Bank of the country (2) the forces of demand and supply in the foreign exchange market (3) the price of gold (4) the purchasing power of currencies

Description : Under flexible exchange rate system, the exchange rate is determined by - (1) the Central Bank of the country (2) the forces of demand and supply in the foreign exchange market (3) the price of gold (4) the purchasing power of currencies

Last Answer : (2) the forces of demand and supply in the foreign exchange market Explanation: A floating exchange rate is a type of exchange rate regime wherein a currency's value is allowed to ... by the foreign-exchange market through supply and demand for that particular currency relative to other currencies.

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

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.

The Foreign exchange of India is kept with _________ A. SBI B. ECGC C. RBI D. NABARD E. other than those given as options

Description : The Foreign exchange of India is kept with _________ A. SBI B. ECGC C. RBI D. NABARD E. other than those given as options

Last Answer : C. RBI Explanation: Reserve Bank of India accumulates foreign currency reserves by purchasing from authorized dealers in open market operations. Foreign exchange reserves of India act as a cushion against rupee ... Currency Assets (b) Gold (c) SDRs (d) Reserve Tranche Position in the IMF.

Which of the following percentage of foreign exchange earnings can be credited to the EEFC account? A. 80% B. 90% C. 75% D. 95% E. 100%

Description : Which of the following percentage of foreign exchange earnings can be credited to the EEFC account? A. 80% B. 90% C. 75% D. 95% E. 100%

Last Answer : E. 100% Explanation: under EEFC account, a facility provided to the foreign exchange earners, including exporters, to credit 100 per cent of their foreign exchange earnings to the account. ... have to convert foreign exchange into Rupees and vice versa, thereby minimizing the transaction costs.

_________ 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‘ Eligible Foreign Currency Account D. Earners‘ Exchange Foreign Currency Account E. Equity Exchange Foreign Currency Account

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.

Who among the following appoints the “Authorized Dealers” for foreign exchange transactions? A. GOI B. RBI C. PSBs D. FEDAI E. FIMMDA

Description : Who among the following appoints the “Authorized Dealers” for foreign exchange transactions? A. GOI B. RBI C. PSBs D. FEDAI E. FIMMDA

Last Answer : D. FEDAI Explanation: Foreign Exchange Dealer s Association of India (FEDAI) was set up in 1958 as an Association of banks dealing in foreign exchange in India (typically called Authorised Dealers - ... among banks vis-à-vis public and liaison with RBI for reforms and development of forex market.

To become BBPOUs, Banks and non-bank entities are mandatorily required to apply for approval / authorisation to Reserve Bank of India under ________ A. Payment and Settlement Systems (PSS) Act 2007. B. Foreign Exchange Management Act, 1999 C. Banking Regulation Act, 1949 D. SARFAESI Act, 2002 E. None of the Above

Description : To become BBPOUs, Banks and non-bank entities are mandatorily required to apply for approval / authorisation to Reserve Bank of India under ________ A. Payment and Settlement Systems (PSS) Act 2007. B. Foreign ... Act, 1999 C. Banking Regulation Act, 1949 D. SARFAESI Act, 2002 E. None of the Above

Last Answer : A. Payment and Settlement Systems (PSS) Act 2007. Explanation: To become BBPOUs, Banks and non-bank entities are mandatorily required to apply for approval / authorisation to Reserve Bank of ... PSS) Act 2007. Bharat Bill Payment Operating Units (BBPOUs) will be the authorised operational units.

Which allows banks and other financial institution to auction residential or commercial properties to recover loans? A. Industrial Disputes Act 1947 B. Foreign Exchange Management Act, 1999 C. Banking Regulation Act, 1949 D. SARFAESI Act, 2002 E. None of the Above

Description : Which allows banks and other financial institution to auction residential or commercial properties to recover loans? A. Industrial Disputes Act 1947 B. Foreign Exchange Management Act, 1999 C. Banking Regulation Act, 1949 D. SARFAESI Act, 2002 E. None of the Above

Last Answer : D. SARFAESI Act, 2002 Explanation: The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (also known as the SARFAESI Act) is an ... allows banks and other financial institution to auction residential or commercial properties to recover loans.

“Hawala transactions” in India are prohibited under the provision of which of the following acts? A. Banking Regulation Act B. Financial Action Task Force Act C. Foreign Exchange Management Act D. All of the Above E. None of the above

Description : “Hawala transactions” in India are prohibited under the provision of which of the following acts? A. Banking Regulation Act B. Financial Action Task Force Act C. Foreign Exchange Management Act D. All of the Above E. None of the above

Last Answer : C. Foreign Exchange Management Act Explanation: ―Hawala transactions‖ in India are prohibited under the provision of Foreign Exchange Management Act.

Refused foreign registered articles of letter mail a) Should be disposed in the same manner of inland registered letter mail b) Should be sent to the foreign office of exchange c) Should be sent to RLO though the PO at the HQ of the circle d) None of these

Description : Refused foreign registered articles of letter mail a) Should be disposed in the same manner of inland registered letter mail b) Should be sent to the foreign office of exchange c) Should be sent to RLO though the PO at the HQ of the circle d) None of these

Last Answer : c) Should be sent to RLO though the PO at the HQ of the circle

In case of inward unpaid foreign mails, the article can be taxed a) By any post office b) by only the Head Post office c) By the office of exchange in India d) By the RMS office only

Description : In case of inward unpaid foreign mails, the article can be taxed a) By any post office b) by only the Head Post office c) By the office of exchange in India d) By the RMS office only

Last Answer : c) By the office of exchange in India

The customs control based on the Indians customs act 1962 is for a) The imposition of export or import duties b) For ensuring the observance of the provisions of import and export control act c) For ensuring the observation of foreign exchange regulation act d) All of the above

Description : The customs control based on the Indians customs act 1962 is for a) The imposition of export or import duties b) For ensuring the observance of the provisions of import and export control act c) For ensuring the observation of foreign exchange regulation act d) All of the above

Last Answer : d) All of the above

If the addressee of an inward foreign parcel wants to take delivery of his parcel at the office of exchange a) It will be refused as there is no provision in the rule b) It has to be approved by the D section of the directorate c) The addressee has to call on the office of exchange with all the documents related including proof of his identity d) None of the above

Description : If the addressee of an inward foreign parcel wants to take delivery of his parcel at the office of exchange a) It will be refused as there is no provision in the rule b) It has to be ... the office of exchange with all the documents related including proof of his identity d) None of the above

Last Answer : c) The addressee has to call on the office of exchange with all the documents related including proof of his identity

If an article posted in a Sub Post Office and addressed to a foreign country is found to contain anything the export of which is prohibited, it should be forwarded with remark “contains prohibited ........” to the: (A) Office of exchange (B) R.L.O (C) R.M.S (D) Head Post Office

Description : If an article posted in a Sub Post Office and addressed to a foreign country is found to contain anything the export of which is prohibited, it should be forwarded with remark “contains prohibited ........” to the: (A) Office of exchange (B) R.L.O (C) R.M.S (D) Head Post Office

Last Answer : (D) Head Post Office

Unpaid and insufficiently paid article other than letter and postcard for foreign countries received in posting a) Should be forwarded to RLO b) Should be forwarded to the office of exchange . c) Should be returned to the sender for delivery on recovery of an amount equal to double the deficiency at inland rate. d) None of these

Description : Unpaid and insufficiently paid article other than letter and postcard for foreign countries received in posting a) Should be forwarded to RLO b) Should be forwarded to the office of exchange . c) Should ... on recovery of an amount equal to double the deficiency at inland rate. d) None of these

Last Answer : c) Should be returned to the sender for delivery on recovery of an amount equal to double the deficiency at inland rate.

Insufficiently paid outward foreing letter can be taxed only by a) Office of Posting b) Sorting PA of the office c) Office of foreign exchange d) RMS office

Description : Insufficiently paid outward foreing letter can be taxed only by a) Office of Posting b) Sorting PA of the office c) Office of foreign exchange d) RMS office

Last Answer : c) Office of foreign exchange

An unpaid letter addressed to a place of in foreign should be a) Returned to sender b) Send to RLO c) Forwarded to the office of exchange in separate bundle d) None of these

Description : An unpaid letter addressed to a place of in foreign should be a) Returned to sender b) Send to RLO c) Forwarded to the office of exchange in separate bundle d) None of these

Last Answer : d) None of these