A Foreign Currency Quote of $1

question 112

Multiple Choice

A foreign currency quote of $1.00 : 0.85 British pounds is ____.

• A)an indirect quote in Great Britain, but a direct quote in the U.S.
• B)a direct quote in Great Britain, but an indirect quote in the U.S.
• C)a direct quote in both great Britain and the U.S.
• D)an indirect quote in both Great Britain and the U.S.

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Definitions:

Depreciation

The allocation of the cost of a tangible asset over its useful life, reflecting the loss of value from wear and tear, decay, or decrease in usefulness.

Interview Measure

A technique used in research and human resources to assess candidates or subjects through structured conversation to gauge capabilities or opinions.

Use of Cash

Refers to how a business or individual applies their cash resources, often categorized by operating, investing, and financing activities.

Accounts Payable

Obligations a company has to pay off in the near future to its suppliers or creditors, usually within one year.