The implicit exchange rate between two currencies when both are quoted in some third currency is called a(n):

Name: The implicit exchange rate between two currencies when both are quoted in some third currency is called a(n):
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Question

Quizplus · Accepted Answer

A cross-rate is the implicit exchange rate between two currencies when both are quoted in some third currency. It is calculated by using the exchange rates of both currencies relative to the third currency. The other options are not relevant to this concept.

The Implicit Exchange Rate Between Two Currencies When Both Are