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Suppose We Quote the Number of Indian Rupees Required to Purchase

Question 28

Multiple Choice

Suppose we quote the number of Indian rupees required to purchase 1 U.S.dollar as INR 45 / USD 1.In this case, INR is referred to as:


A) currency hedging.
B) base currency.
C) currency speculation.
D) currency arbitrage.
E) quoted currency.

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