An exchange rate of 117.87/ indicates ________. A) that 117.87 yen buys one dollar B) that ...

Author Question: An exchange rate of 117.87/ indicates ________. A) that 117.87 yen buys one dollar B) that ... (Read 143 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

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