The Implicit Exchange Rate Between Currencies Found from Explicit Exchange

question 232

Multiple Choice

The implicit exchange rate between currencies found from explicit exchange rates quoted in some third currency is called a(n) ____________________.

• A) Open exchange rate.
• B) Cross-rate.
• C) Backward rate.
• D) Forward rate.
• E) Interest rate.

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Definitions:

Golden Mean

In philosophy, particularly Aristotelian ethics, the desirable middle between two extremes, one of excess and the other of deficiency.

Principle

A fundamental truth or proposition that serves as the foundation for a system of belief or behavior or for a chain of reasoning.

Moderation

The quality of being moderate and avoiding extremes in behavior or expression, advocating for balance and restraint.

Spheres Of Existence

Conceptual domains within life that separate different aspects of experience, such as public, private, or professional spheres.