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In Quoting Exchange Rates

Question 3

Multiple Choice

In quoting exchange rates:


A) One should always quote these as units of foreign currency over a unit of domestic currency
B) One should always quote the rate as the units of domestic currency over a unit of foreign currency
C) Usually one should quote the rate in such a way that the value is greater than one
D) Each country's central bank determines how the rate is to be quoted

Correct Answer:

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