In a quoted exchange rate, the currency with which another currency is to be purchased is called the ________.

Question

Quizplus · Accepted Answer

In a quoted exchange rate, the currency being quoted or in other words which the another currency is to be purchased is called the quoted currency. The base currency, on the other hand, is the one in which the quoted currency is being compared to, and the cross currency refers to any currency other than the base and quoted currencies. The forward currency is not a commonly used term in the context of exchange rates.

In a Quoted Exchange Rate, the Currency with Which Another