A cross-rate two foreign currencies can be exchanged in terms o dollars or some other currency.

Name: A cross-rate two foreign currencies can be exchanged in terms o dollars or some other currency.
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Question

Quizplus · Accepted Answer

A cross-rate is the exchange rate between two currencies, calculated from their respective exchange rates with a common third currency, often the US dollar. This allows for the determination of the relative value of the two currencies without directly converting them.

A Cross-Rate Two Foreign Currencies Can Be Exchanged in Terms