Spot Rate: Tantrix Ltd Purchased Its Inventory from an Indian

question 40

Multiple Choice

Spot rate: Tantrix Ltd purchased its inventory from an Indian manufacturer at a cost of Rs.5,325,000. The dollar cost of this payable is $125,634.07 at today's spot rate. What is the spot rate today?

• A) $4.2385/Rs.
• B) $42.3850/Rs.
• C) Rs.42.3850/$
• D) Rs. 4.2385/$

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Definitions:

DSL

Digital Subscriber Line, a family of technologies that provides high-speed internet access over telephone lines.

Cable

A medium used for the transmission of television signals, internet communication, and power.

Coaxial Cable

Insulated copper wire; used to carry high-speed data traffic and television signals.

Cable

A medium used for transmitting electrical power or signals, consisting of one or more wires enclosed in a protective sheath.