Which of the following describes the way the futures price of a foreign currency is quoted?
A) The number of U.S. dollars per unit of the foreign currency
B) The number of the foreign currency per U.S. dollar
C) Some futures prices are always quoted as the number of U.S. dollars per unit of the foreign currency and some are always quoted the other way round
D) There are no quotation conventions for futures prices

Question

Quizplus · Accepted Answer

The futures price of a foreign currency is quoted as the number of U.S. dollars per unit of the foreign currency.

Which of the Following Describes the Way the Futures Price