The implicit exchange rate between two currencies when both are quoted in some third currency is called a(n):

Name: The implicit exchange rate between two currencies when both are quoted in some third currency is called a(n):
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Question

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When two currencies are quoted in a third currency, the implicit exchange rate between the two currencies is referred to as a cross-rate. This is because it involves crossing between two different currency pairs. Therefore, the correct choice is B.

The Implicit Exchange Rate Between Two Currencies When Both Are