A cross exchange rate expresses the amount of one foreign currency per unit of another foreign currency.

Name: A cross exchange rate expresses the amount of one foreign currency per unit of another foreign currency.
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This is correct. A cross exchange rate compares two foreign currencies by expressing the value of one currency in terms of the other currency. It is used when both currencies being traded are not the official currencies of the country in which the exchange rate is quoted.

A Cross Exchange Rate Expresses the Amount of One Foreign