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    Exam 8: The Foreign Exchange Market
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    An Exchange Rate Defined as the Price of One Unit
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An Exchange Rate Defined as the Price of One Unit

Question 19

Question 19

Multiple Choice

An exchange rate defined as the price of one unit of the home currency in terms of the overseas currency is known as a(n) quote.


A) terms
B) inverse
C) direct
D) indirect

Correct Answer:

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