_________ is the implicit exchange rate between two currencies (usually non-US) quoted in some third currency (usually the US dollar).

Question

Quizplus · Accepted Answer

A cross-rate is the implicit exchange rate between two currencies quoted in some third currency. This is commonly used to determine the value of currencies that are not directly traded against each other in the foreign exchange market, such as the yen and euro.

_________ Is the Implicit Exchange Rate Between Two Currencies (Usually