Match the LIST-I with LIST-II
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LIST - I (Concept) |
LIST - II (Meaning) |
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|
A. |
Exchange Rate |
I. |
It refers to the price of one unit of foreign currency in terms of some units of home currency |
|
B. |
Forward market |
II. |
It is the process of making risk less profits by exploiting price differences of assets in different market. |
|
C. |
Arbitrage |
III. |
Where transactions are entered into for settlement on a future date |
|
D. |
Direct Quotation |
IV. |
It is a price of one unit of a currency in terms of some units of another currency |
Choose the correct answer from the options given below:
1
A - IV, B - III, C - II, D - I
2
A - III, B - IV, C - II, D - I
3
A - I, B - II, C - III, D - IV
4
A - I, B - III, C - II, D - IV