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No. of units of domestic currency required to buy one unit of a foreign currency is known as ?

<p><strong><em>(a)Indirect Rate</em></strong></p> <p><strong><em>(b)Cross-Rate</em></strong></p> <p><strong><em> (c)Direct Rate</em></strong></p> <p><strong><em>(d)Spot Rate</em></strong></p>

Accounting Financial Accounting Foreign Exchange Management Financial Management Bank Accounting
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Question added by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.
Date Posted: 2014/12/20
Upvote (2) Views (14) Followers (18) Answers (17) Report Question
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Malik Khalid Mahmood
by Malik Khalid Mahmood , Regional Finance Manager , Leosons International FZ LLC

c) Direct Rate.........

Almo'taz Alazzam
by Almo'taz Alazzam , Accountant , POWER SECTOR FOR PANEL BOARDS

b

Naveed Nawaz
by Naveed Nawaz , Regional Accountant & Auditor , Toni&Guy (North Pakistan)

It's a Direct Rate or Direct Method to use Domestic Currency as Base Currency

Basit Ali
by Basit Ali , Director of Engineering , Laverda Suites & Villas / Blue Bay Resorts

Option C

Deleted user
by Deleted user

THE ANSWER IS     C

muhammad umar
by muhammad umar , Accounts Officer , Security Organizing System Pakistan (Pvt) Ltd.

Direct Rate ( c )

Vinod Jetley
by Vinod Jetley , Assistant General Manager , State Bank of India

The answer is (c)Direct Rate

Ahmed kandil
by Ahmed kandil , Cost Controller , Battour Holding Cpompany

Answer is C 

Tamer Elbeshbishy
by Tamer Elbeshbishy , Financial and Administration Manager , Muscat Towers Holding Group

It is Direct Rate

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