When exchange rates are quoted as the number of U.S.dollars per unit of foreign currency,it is referred to as

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When exchange rates are quoted as the number of U.S. dollars per unit of foreign currency, it is referred to as American terms. In contrast, European terms quote the number of units of foreign currency per U.S. dollar. Fixed-exchange terms refer to a fixed exchange rate between two currencies, while spot-market terms refer to the immediate exchange of currencies for delivery within two business days.

When Exchange Rates Are Quoted as the Number of U