Question

Q.13 Assertion (A): Forward rate of exchange is a contractual rate of exchange.
Reason (R): Forward exchange rate is honoured sometimes in future

Answer 1

Explanation:

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A) A) Both assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).

B) Both assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A).

C) Assertion (A) is true but reason (R) is false.

D) Assertion (A) is false but reason (R) is true.

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