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Which rate will the bank use to exchange Nepalese rupees into American dollar? Write it.

May 16, 2026Economics

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here are the solutions to :

:
The exchange rates are given as:
Bank buying rate for $1 = NRs. 141.64 Bank selling rate for $1 = NRs. 142.24

a) Which rate will the bank use to exchange Nepalese rupees into American dollar? Write it.

Identify the transaction.
When a customer wants to exchange Nepalese rupees into American dollars, the bank is selling American dollars to the customer.
Determine the rate.
The bank will use its selling rate for American dollars.
The rate is NRs. 142.24 for $1.

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