_______ Rates Are Exchange Quotations That Do Not Include the U.S.dollar

question 43

Multiple Choice

_______ rates are exchange quotations that do not include the U.S.dollar as one of the two currencies quoted.

• A)Spot
• B)Forward
• C)Cross
• D)Market
• E)Expedited

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Definitions:

Utility Function

A mathematical representation of how consumers rank different bundles of goods based on the satisfaction each bundle provides.

Indifference Curve

A representation of the consumer's preferences, illustrating different combinations of goods that provide the same level of utility or satisfaction.

Apples

Edible fruits from the apple tree, known for their sweet taste and crunchy texture, and used in a variety of culinary dishes.

Bananas

A type of fruit that is elongated, curved, and covered with a peel, typically yellow when ripe, and consumed as a sweet source of energy.