Which of the Following Currencies Is Quoted on an ACT/365

question 76

Multiple Choice

Which of the following currencies is quoted on an ACT/365 basis for the calculation of interest on interbank deposits in London?

• A) EUR
• B) JPY
• C) HKD
• D) AUD

---

Definitions:

Persuasive Message

A form of communication aimed at influencing the thoughts, feelings, or behaviors of the audience towards a particular stance or action.

Common Ground

A shared belief, interest, or understanding that allows different parties to find mutual agreement or a starting point for discussion.

AIDA

An acronym standing for Attention, Interest, Desire, Action; a marketing model that outlines the process for achieving successful advertising or sales.

Unidirectional

Refers to a process or communication that moves in one direction only, without a return path or feedback loop.