Quoting in terms of U.S. dollars per unit of foreign currency is called ________ terms, while quoting in terms of the number of units of the foreign currency per U.S. dollar is called ________ terms.

Question

Quizplus · Accepted Answer

The terms are commonly referred to as American terms (quoting in USD per unit of foreign currency) and European terms (quoting in units of foreign currency per USD). This is because the practice originated in the US, hence the reference to "American" terms.

Quoting in Terms of U