In Foreign Exchange Markets, the First Currency in a Currency

question 277

Multiple Choice

In foreign exchange markets, the first currency in a currency pair is:

• A) The quoted currency
• B) The base currency
• C) The counter currency
• D) The terms currency

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Definitions:

SPIN Approach

A sales technique that involves asking Situation, Problem, Implication, and Need-payoff questions to understand a customer's needs and propose solutions.

Prospect's Approval

The process by which a potential buyer signals their agreement or interest in moving forward with a purchase.

Remain Silent

The act of refraining from speaking, often strategically used in negotiations or to prompt another to speak.

SPIN Approach

A selling technique based on Situation, Problem, Implication, and Need-payoff questions to understand customer needs and propose solutions.