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Video 22. In video sir says margin will be added to bank's selling rate, where as in notes it is given margin will ne subtracted from bank's selling rate Please clarify
Answers (3)
it will decided based banks perspective , in margin transaction always beneficial by Bank so whenever bank buys base currency Subtracted from bid rate so that bank buys at lower rate , same way whenever banks sell base currency margin will be added to ask rate so that bank will be beneficial ( sell at high rate )..
shivaji hari
it will decided based banks perspective , in margin transaction always beneficial by Bank so whenever bank buys base currency Subtracted from bid rate so that bank buys at lower rate , same way whenever banks sell base currency margin will be added to ask rate so that bank will be beneficial ( sell at high rate )..
(Updated)
Exactly it will always be adjusted in a way that the bank benefits. Will check the Notes and correct them if required immediately - thanks for highlighting them.
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