The value of currencies is most commonly expressed in terms of:
A) the USD
B) the EUR
C) the CNY
D) the AUD
E) a trade weighted index.
Correct Answer:
Verified
Q61: FX markets do NOT:
A)facilitate cross-currency payments
B)organise direct
Q62: Given a spot rate of AUD/USD0.5740, and
Q63: A dealer quotes AUD/EUR0.9845-65.
A)The dealer will buy
Q64: If the spot rate is USD/CAN1.67 and
Q65: A floating exchange rate does NOT:
A)establish the
Q67: The trading of forward FX contracts by
Q68: The value of the AUD can be
Q69: Dealers in foreign currency do NOT:
A)need to
Q70: In a foreign exchange market:
A)exporters are exposed
Q71: Which of the following statements is correct?
A)When
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