Most Foreign Exchange Transactions Are Through the U

question 20

Multiple Choice

Most foreign exchange transactions are through the U.S. dollar. If the transaction is expressed as the foreign currency per dollar this known as ________ whereas ________ are expressed as dollars per foreign unit.

• A) European terms; indirect
• B) American terms; direct
• C) American terms; European terms
• D) European terms; American terms

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Definitions:

Concise Language

The use of clear and straightforward expression in writing or speech, avoiding unnecessary words and complexities.

Seaquake

An underwater earthquake that occurs on the ocean floor and can lead to tsunami.

Oilskin Boots

Waterproof boots made from oil-treated fabric, designed to keep feet dry in wet conditions.

Admiral Court

A maritime tribunal responsible for addressing and resolving issues and disputes related to nautical matters.