The Cross Rate Is The

question 25

Multiple Choice

The cross rate is the:

• A) exchange rate between the US dollar and other currency.
• B) exchange rate between two currencies generally other than the US dollar.
• C) rate converting the direct rate into the indirect rate.
• D) the attitude of the agent at the exchange kiosk.

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Definitions:

Supply of Oil

The total volume of oil that producers are willing to sell at various price levels during a certain time period.

Gasoline

A volatile, flammable liquid primarily used as fuel in internal combustion engines.

Equilibrium Price

The price at which the quantity of goods supplied equals the quantity demanded, hence, the market is in balance.

Market Price

The ongoing rate at which an asset or service is being offered for buying or selling.