Multiple Choice
If the number of units of a foreign currency that can be obtained for one dollar (the price of a dollar in that currency or indirect quotation) rises, the dollar is said to ________ relative to the currency, and the currency is said to ________. Thus, appreciation means a decline in the ________ quotation.
A) appreciate; depreciate; direct
B) depreciate; appreciate; indirect.
C) appreciate; depreciate; direct,
D) depreciate; appreciate; indirect.,
Correct Answer:

Verified
Correct Answer:
Verified
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Q4: Exchange rate quotations may be either direct
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Q7: Contrast what a currency option contract gives
Q8: A _ is the number of units
Q9: The one-year _ fixes today the exchange
Q10: The largest sector of the Eurocurrency market
Q11: The three currency pairs (and their abbreviations)