Question

Bill buying rate and bill selling rate.

30 Nov 2023
Answer :
Word Count : 214
AspectBill Buying RateBill Selling Rate
DefinitionThe rate at which a bank purchases foreign bills (or drafts) from an exporter.The rate at which a bank sells foreign bills (or drafts) to an importer.
Exchange Rate ImpactThe exporter gets a lower exchange rate, meaning they receive less foreign currency in their local currency.The importer must pay a _____ ______ ____ __________ _____ ____ ______.
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