Most foreign exchange transactions are through the U.S. dollar. If the transaction is expressed as the foreign currency per dollar this is known as ________ whereas ________ are expressed as dollars per foreign unit.

Question

Quizplus · Accepted Answer

In foreign exchange, European terms refer to the expression of foreign currency per U.S. dollar, while American terms refer to the expression of U.S. dollars per foreign currency unit.

Most Foreign Exchange Transactions Are Through the U