### Answer and Explanation

The exchange rates quoted by an authorized dealer to its customers are commonly referred to as **commercial rates**.

1. **Authorised Rates**: This generally refers to rates set by the regulatory authority, but it’s not the term commonly used for customer-facing rates.
2. **Commercial Rates**: This is indeed the term used for the rates that banks or dealers provide to their customers for buying or selling foreign currency.
3. **Merchant Rates**: Although it may sound plausible, this term isn't standard in the context of exchange rates.
4. **Indirect Rates**: This usually relates to the method of quoting currency pairs (where the foreign currency is expressed in terms of the domestic currency) and doesn’t refer directly to customer-facing rates.

### Final Answer
b. Commercial rates

Question

### Answer and Explanation

The exchange rates quoted by an authorized dealer to its customers are commonly referred to as **commercial rates**.

1. **Authorised Rates**: This generally refers to rates set by the regulatory authority, but it’s not the term commonly used for customer-facing rates.
2. **Commercial Rates**: This is indeed the term used for the rates that banks or dealers provide to their customers for buying or selling foreign currency.
3. **Merchant Rates**: Although it may sound plausible, this term isn't standard in the context of exchange rates.
4. **Indirect Rates**: This usually relates to the method of quoting currency pairs (where the foreign currency is expressed in terms of the domestic currency) and doesn’t refer directly to customer-facing rates.

### Final Answer
b. Commercial rates

Knowee AI · Accepted Answer

### Answer and Explanation

The exchange rates quoted by an authorized dealer to its customers are commonly referred to as **commercial rates**.

1. **Authorised Rates**: This generally refers to rates set by the regulatory authority, but it’s not the term commonly used for customer-facing rates.
2. **Commercial Rates**: This is indeed the term used for the rates that banks or dealers provide to their customers for buying or selling foreign currency.
3. **Merchant Rates**: Although it may sound plausible, this term isn't standard in the context of exchange rates.
4. **Indirect Rates**: This usually relates to the method of quoting currency pairs (where the foreign currency is expressed in terms of the domestic currency) and doesn’t refer directly to customer-facing rates.

### Final Answer
b. Commercial rates

The exchange rates quoted by an authorised dealer to its customers are known as-Select one:a.Authorised ratesb.Commercial ratesc.Merchant ratesd.Indirect rates

Question

The exchange rates quoted by an authorised dealer to its customers are known as-Select one:

Solution

Answer and Explanation

Final Answer

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