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    Exam 15: Foreign Exchange: The Structure and Operation of the Fx Market
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    If It Takes 1
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If It Takes 1

Question 88

Question 88

Multiple Choice

If it takes 1.25 euros to buy 1 US dollar,the direct quote for the exchange rate is:


A) 0.25
B) 0.8
C) 1.00
D) 1.25

Correct Answer:

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