A Base Currency Is

question 63

Multiple Choice

A base currency is:

• A)the rate at which one nation's currency can be exchanged for another's at the present time.
• B)the second-named currency in the foreign exchange quote used to express the value or price of the base currency.
• C)the first-named currency in the foreign exchange quote where one unit expressed in terms of another currency being traded.
• D)none of the above.

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Definitions:

Fiduciary Duty

A duty to place a client’s interest above the professional’s own interests.

Debentures

A type of long-term security issued by a company, backed only by the general creditworthiness and reputation of the issuer.

Mortgage Bonds

Debt securities secured by a mortgage or collection of mortgages, giving holders a claim on the underlying property.

Directors' Meeting

A formal gathering of the board of directors of an organization to discuss and make decisions on company policy and management issues.