The US dollar is quoted directly against the Canadian dollar (US$/C$) and indirectly against the yen (¥/US$) .In order to get the yen - Canadian dollar cross rate you need to:
A) divide the first exchange rate by the second exchange rate
B) divide the second exchange rate by the first exchange rate
C) multiply the first exchange rate by the second exchange rate
D) multiply the first exchange rate by the inverse of the second exchange rate
Correct Answer:
Verified
Q3: The world's largest foreign exchange trading center
Q4: Most foreign exchange transactions are for:
A) intervention
B)
Q6: Which of the following is true if
Q7: Participants in the interbank foreign exchange markets
Q9: If F/S < (1 + i)/(1 +
Q10: Which of the following is true given
Q11: Intervention in the foreign exchange market is
Q12: The foreign exchange market is:
A) an organized
Q13: Which of the following is true given
Q29: If the $/€ bid and ask prices
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