« previous next »

Author Question: An exchange rate of 117.87/ indicates ________. A) that 117.87 yen buys one dollar B) that ... (Read 126 times)

abc

  • Hero Member
  • *****
  • Posts: 543
on: Jul 7, 2018
An exchange rate of 117.87/ indicates ________.
 
  A) that 117.87 yen buys one dollar
  B) that 117.87 dollars buys one yen
  C) a direct quote on the dollar
  D) an indirect quote on the yen

Question 2

In a quoted exchange rate of 1.69/British pound, the British pound is called the ________.
 
  A) base currency
  B) counter currency
  C) cross currency
  D) quoted currency


cegalasso

  • Sr. Member
  • ****
  • Posts: 295
Reply #1 on: Jul 7, 2018
Answer to Question 1

A

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Effects of Elevation on Heart Rate and Ventilation Effects of Elevation on Heart Rate and Ventilation
Total Fertility Rate in Japan: Actual versus Forecast Total Fertility Rate in Japan: Actual versus Forecast
Countercurrent Exchange Countercurrent Exchange
Daniel's Enterprises has a beta of 1.98 and a growth rate of 12 percent. The stock is ... Daniel's Enterprises has a beta of 1.98 and a growth rate of 12 percent. The stock is ...
Flexible exchange rates are supposed to prevent long-term trade deficits. Flexible exchange rates are supposed to prevent long-term trade deficits.
Rate order question Rate order question
Video: Mechanism of enzyme action

For a complete list of videos, visit our video library