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Indirect Quotations in Terms of Foreign Currency Refers to

Question 26

Multiple Choice

Indirect quotations in terms of foreign currency refers to


A) expressing exchange rates as units of foreign currency in terms of domestic currency.
B) expressing exchange rates as units of domestic currency in terms of foreign currency.
C) expressing exchange rates of less traded currency by using a "major" currency.
D) expressing exchange rates in terms of commodities such as gold.

Correct Answer:

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