Several of the world's major currency exchange rates follow a specific quotation convention that is the result of tradition and history. The exchange rate between the U.S. dollar and the euro is always quoted as "dollars per euro."

Question

Quizplus · Accepted Answer

This is true. The exchange rate between the U.S. dollar and euro is traditionally quoted as the number of dollars needed to purchase one euro, resulting in the quotation convention "dollars per euro."

Several of the World's Major Currency Exchange Rates Follow a Specific