Suppose We Quote the Number of Indian Rupees Required to Purchase

question 10

Multiple Choice

Suppose we quote the number of Indian rupees required to purchase 1 U.S.dollar as INR 45 / USD 1.In this case, INR is referred to as:

• A)currency hedging.
• B)base currency.
• C)currency speculation.
• D)currency arbitrage.
• E)quoted currency.

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Definitions:

Portfolio

A collection of investments held by an individual or institution which may include stocks, bonds, real estate, and other assets.

Securities

Financial instruments that hold monetary value, including stocks, bonds, and options, which can be bought and sold.

CFO

Stands for Chief Financial Officer, a senior executive responsible for managing the financial actions of a company.

Treasurer

A corporate officer responsible for overseeing the company's financial operations, managing its investments, and ensuring the organization's financial stability and compliance with laws.