Most foreign exchange transactions are through the U.S. dollar. If the transaction is expressed as the foreign currency per dollar this known as ________ whereas ________ are expressed as dollars per foreign unit.
A) European terms; indirect
B) American terms; direct
C) American terms; European terms
D) European terms; American terms

Question

Quizplus · Accepted Answer

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

Most Foreign Exchange Transactions Are Through the U