With several exceptions, most interbank quotes are stated in European terms (meaning foreign currency unit per U.S. dollar).
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Q41: TABLE 5.1 Q42: TABLE 5.1 Q45: Identify and explain the three functions of Q48: TABLE 5.1 Q49: Major exceptions to using European terms in Q51: For arbitrage opportunities to be practical, Q52: The U.S. dollar suddenly changes in value Q58: If the direct quote for a U.S. Q62: The European and American terms for foreign Q64: When the cross rate for currencies offered
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