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If you pay Rs 50 to get $1, the exchange rate is quoted as what?
ARs 5 per dollar
B$50 per rupee
CRs 50 per dollar
D$5 per rupee
Answer & Solution
Correct answer: C. Rs 50 per dollar
The rate is the rupee price of one dollar, so paying Rs 50 for $1 is Rs 50 per dollar.
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