Multiple Choice
Which of the following statements is not correct?
A) A quotation in American terms can be a direct quotation.
B) A quotation in American terms can be an indirect quotation.
C) Most interbank quotations are given in American terms.
D) One does not have to designate a "home" currency to know if a quotation is in American terms or European terms.
E) If quotations for two currencies are given in European terms, it is easier to calculate the cross rate than if they are given in American terms.
Correct Answer:
Verified
Correct Answer:
Verified
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