The U.S.dollar equivalent of one unit of a foreign currency is called the
A) base rate.
B) counter rate.
C) indirect rate.
D) direct rate.
E) spot rate.
Correct Answer:
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Q15: There is an indirect rate of 0.74
Q17: Why are exchange rates important?
A) They affect
Q18: Foreign currency trading
A) takes place on organized
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Q21: The _ states that two identical products
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