A ________ is the number of units of a local currency exchangeable for one unit of a foreign currency, while an ________ is the number of units of a foreign currency that can be exchanged for one unit of a local currency.
A) direct price; indirect sale
B) indirect price; direct quote
C) direct quote; indirect quote
D) indirect quote; direct sale
Correct Answer:
Verified
Q1: Foreign-exchange risk _.
A) is the risk that
Q2: In regards to the perspective of a
Q3: The exchange rate between the U.S. dollar
Q4: The countries of the European Union electing
Q6: Given a direct quote, we can obtain
Q7: Which of the below statements is TRUE?
A)
Q8: The _ is the market for settlement
Q9: The birth of the euro on January
Q10: The fundamental fact of international finance is
Q11: In general, an exchange rate is defined
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