Solved

A Bank Dealing in Foreign Currency Tells You That the Foreign

Question 26

Multiple Choice

A bank dealing in foreign currency tells you that the foreign currency will buy you $.80 US dollars.The bank has given you

A) a direct quote.
B) an indirect quote.
C) the official (fixed) rate.
D) a forward rate.

Related Questions

Q21: On January 1, 2016, a U.S.firm bought

Q22: The accounting treatment given a cash flow

Q23: A transaction involving foreign currency will most

Q24: On 6/1/17, an American firm purchased

Q25: On 6/1/17, an American firm sold

Q27: On 6/1/17, an American firm purchased

Q28: On 4/1/18, a U.S.Company commits to

Q29: Blue & Green, Inc.sold merchandise for

Q30: Which of the following statements is true

Q31: Exchange gains and losses on a forward