Which of the Following Describes the Way the Futures Price

question 7

Multiple Choice

Which of the following describes the way the futures price of a foreign currency is quoted?

• A) The number of U.S. dollars per unit of the foreign currency
• B) The number of the foreign currency per U.S. dollar
• C) Some futures prices are always quoted as the number of U.S. dollars per unit of the foreign currency and some are always quoted the other way round
• D) There are no quotation conventions for futures prices

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Definitions:

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A Batch Fit Tool is a software or methodology used in manufacturing and production to ensure compatibility and optimize the grouping of items, components, or materials in batches.

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A metaphorical term often used to describe the attempt to predict future events or outcomes with certainty.

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Information obtained through observation or experimentation rather than theory or pure logic.

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A metaphorical term often used to describe the act of predicting future events with certainty.