Ten US dollars are exchanged for five hundred Indian rupees. What is the exchange for Indian currency?
Download our app for free and get startedPlay store
If $$ 10 =₹ 500$$\therefore$ Foreign Exchange Rate $=\frac{100}{10} = 50$
$1 $ = ₹ 50$
art

Download our app
and get started for free

Experience the future of education. Simply download our apps or reach out to us for more information. Let's shape the future of learning together!No signup needed.*

Similar Questions

  • 1
    State two sources of demand for foreign exchange.
    View Solution
  • 2
    When will balance of trade show a deficit?
    View Solution
  • 3
    If the value of export of goods of a country is ₹ 1,000 crores and the value of import of goods is ₹ 1,200 crores, how much will be the trade balance (or balance of trade)?
    View Solution
  • 4
    Define foreign exchange rate.
    View Solution
  • 5
    What do we mean by surplus in BoP?
    View Solution
  • 6
    What does balance of payments account of a country record?
    View Solution
  • 7
    Total receipts and total payments of Balance of Payments statements are always equal. Do you agree?
    View Solution
  • 8
    Define Balance of Payments on capital account.
    View Solution
  • 9
    Name the items included in balance of trade account.
    View Solution
  • 10
    What is the difference between the values of exports of goods and imports of goods called.
    View Solution