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Most Foreign Exchange Transactions Are Through the U

Question 46

Multiple Choice
Most foreign exchange transactions are through the U.S. dollar. If the transaction is expressed as the foreign currency per dollar this known as ________ whereas ________ are expressed as dollars per foreign unit.
A) European terms; indirect
B) American terms; direct
C) American terms; European terms
D) European terms; American terms

Most foreign exchange transactions are through the U.S. dollar. If the transaction is expressed as the foreign currency per dollar this known as ________ whereas ________ are expressed as dollars per foreign unit.


A) European terms; indirect
B) American terms; direct
C) American terms; European terms
D) European terms; American terms

Correct Answer:

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