The exchange rates quoted by an authorised dealer to its customers are known as-Select one:a.Authorised ratesb.Commercial ratesc.Merchant ratesd.Indirect rates

Exchange rates are commonly quoted using acronyms for the national currencies they represent.

The transaction in which the bank receives foreign currency from the customer and pays him in local currency is a –Select one:a.Purchase transactionb.Sale transactionc.Direct transactiond.Indirect transaction

…...................is the value of one currency for the purpose of conversion to another.Select one:a.Exchange Rateb.Trade Tariffsc.Inflationd.None of these

The rate at which the the market's buyers and sellers exchange money for a good or service is known as the . (Insert a single word.)

The selling rate is also known as:Select one:a.Bid rateb.Offer ratec.Spreadd.Swap