Multiple Choice
Which of the following is not true about exchange rates?
A) A strengthening currency is evidenced by an increase in the directly quoted exchange rate.
B) Importers benefit from a strong dollar.
C) If one can buy 1 FC for $.50, $1.00 will buy 2 FC.
D) The points in an exchange rate, or broker's commission, are influenced by several factors, including supply and demand for currency.
Correct Answer:

Verified
Correct Answer:
Verified
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