Which of the following is not true about exchange rates?
A) A strengthening currency is evidenced by an increase in the directly quoted exchange rate.
B) Importers benefit from a strong dollar.
C) If one can buy 1 FC for $.50, $1.00 will buy 2 FC.
D) The points in an exchange rate, or broker's commission, are influenced by several factors, including supply and demand for currency.
Correct Answer:
Verified
Q7: Given the following information for a
Q8: The best definition for direct quotes would
Q9: A transaction involving foreign currency will most
Q10: Which of the following factors influences the
Q11: Which of the following does not represent
Q13: A U.S.manufacturer has sold goods to
Q14: Foreign currency transactions not involving a hedge
Q15: Wild, Inc.sold merchandise for 500,000 FC
Q16: Hugh, Inc.purchased merchandise for 300,000 FC
Q17: A bank dealing in foreign currency tells
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