Multiple Choice
A ________ is the number of units of a local currency exchangeable for one unit of a foreign currency, while an ________ is the number of units of a foreign currency that can be exchanged for one unit of a local currency.
A) direct price; indirect sale
B) indirect price; direct quote
C) direct quote; indirect quote
D) indirect quote; direct sale
Correct Answer:
Verified
Correct Answer:
Verified
Q3: Which of the below statements is FALSE?<br>A)
Q4: Exchange rate quotations may be either direct
Q5: The most traded currency pair is _,
Q6: The development of the swap market reduced
Q7: Contrast what a currency option contract gives
Q9: The one-year _ fixes today the exchange
Q10: The largest sector of the Eurocurrency market
Q11: The three currency pairs (and their abbreviations)
Q12: To derive the theoretical forward exchange rate
Q13: The foreign exchange market can best be