McqMate
| Q. |
The forward US dollar is quoted at premium against Indian Rupees. This implies |
| A. | Money market rates are higher in India than in the US. |
| B. | Money market rates are lower in India than in the US. |
| C. | Market yield is higher in US than in India. |
| D. | Dollar has a better value than Indian Rupee. |
| Answer» A. Money market rates are higher in India than in the US. | |
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