A Quotation in the Form Yen 89

question 55

Multiple Choice

A quotation in the form yen 89.33/$US is called

• A)an indirect quote in the United States.
• B)a direct quote in the United States.
• C)a cross-rate in Japan.
• D)None of these options are correct.

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Definitions:

Fixed Costs

Overhead expenses that remain constant regardless of the volume of activity or production levels within a company.

Cost-volume-profit Analysis

An accounting tool used to determine the effects of changes in costs and volume on a company's profits.

Equation Form

A mathematical representation expressed through an equation, often used in describing financial principles or calculations.

Graphic Form

A method of presenting information, data, or financial figures using visual elements such as charts, graphs, and diagrams.