​A Quotation Representing the Value of a Foreign Currency in Dollars

question 88

Multiple Choice

​A quotation representing the value of a foreign currency in dollars is referred to as a(n) ____ quotation; a quotation representing the number of units of a foreign currency per dollar is referred to as a(n) ____ quotation.

• A) ​direct; indirect
• B) ​indirect; direct
• C) ​direct; direct
• D) ​indirect; indirect
• E) ​cannot be answered without more information

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Definitions:

Reliability

The extent to which a measure is consistent and free from error, providing similar results under consistent conditions.

IQ Scores

A measure of a person's cognitive abilities and potential, commonly expressed as a score derived from standardized tests designed to assess human intelligence.

Percentage

A mathematical term describing a number or ratio expressed as a fraction of 100.

Standardized Tests

Tests that are administered and scored in a consistent, or "standard," manner and are designed to measure students' comparative performance.