Cross Rate: Dresdner Bank Has Offered the Following Exchange Rate

question 70

Multiple Choice

Cross rate: Dresdner Bank has offered the following exchange rate quotes on Indian rupees (Rs) : Rs.83.7612/£ and $1.8654/£. What is the cross rate between the Indian rupees and the U.S. dollar?

• A) Rs. 44.9025/$
• B) Rs. 49.9375/$
• C) Rs. 51.2134/$
• D) Rs. 36,7122/$

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Definitions:

Cluster Sampling

A probability sampling method in which the population is first divided into clusters and then a simple random sample of the clusters is taken.

Simple Random Sampling

A sampling method where each member of the population has an equal chance of being selected, ensuring unbiased representation.

Stratified Simple Random Sampling

A sampling method that divides a population into smaller groups or strata and then selects random samples from each stratum.

Convenience Sampling

A nonprobability method of sampling whereby elements are selected for the sample on the basis of convenience.