An example of comparing cross rates for countries is like comparing the U.S. dollar to the Japanese yen.

Question

Quizplus · Accepted Answer

Comparing cross rates involves calculating the exchange rate between two currencies indirectly by using a third currency, typically the U.S. dollar, as a base or reference. Comparing the U.S. dollar directly to the Japanese yen is a direct exchange rate comparison, not a cross rate comparison.

An Example of Comparing Cross Rates for Countries Is Like