The first currency mentioned in an FX quote is called the:
A) basis currency.
B) base currency.
C) root currency.
D) terms currency.

Question

Quizplus · Accepted Answer

The first currency listed in an FX quote is the base currency, which is also sometimes called the transaction currency or accounting currency. This is the currency that is being bought or sold in the exchange. The second currency in the quote is the quote currency, which is also sometimes called the variable currency or terms currency.

The First Currency Mentioned in an FX Quote Is Called