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Author Question: An exchange rate of 117.87/ indicates ________. A) that 117.87 yen buys one dollar B) that ... (Read 123 times)

abc

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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

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Reply #1 on: Jul 7, 2018
Answer to Question 1

A

Answer to Question 2

A


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