The rate of exchange of two currencies on the basis of exchange quotes of other pairs of currencies are derived when a quote of home currency (or desired currency) to any other currency is not available in the Foreign Exchange market is called ____________.
A) Direct Quote
B) Exchange Rate
C) Cross Rate
D) Dependent Rate
Correct Answer:
Verified
Q3: Which one of the following is NOT
Q4: Rs. 75.17/USD is which type of quotation?
A)Indirect
Q5: In a two way foreign exchange quotation,
Q6: Below data is available: Spot Exchange Rate
Q7: From the data given below which option
Q9: Which of the below mentioned contract is
Q10: An Option which can be exercised only
Q11: There is a close link between the
Q12: According to Fisher effect, the nominal rate
Q13: The acquisition of existing firms or plants
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