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Lesson 4: Using Exchange Rates: Devaluation, Revaluation and Exports
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Changing One Foreign Currency into Another
Lesson 4 · Using Exchange Rates: Devaluation, Revaluation and Exports
Changing One Foreign Currency into Another
Mathematics
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8 min
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Question 1 of 13
1
You hand Canadian Dollars to a bank in Nepal and receive rupees. Which rate does the bank use?
The selling rate of the Canadian Dollar
The buying rate of the Canadian Dollar
The average of the buying and selling rates
Whichever of the two rates is higher