If the Direct Quote for a U

question 6

Multiple Choice

If the direct quote for a U.S. investor for British pounds is $1.43/£, then the indirect quote for the U.S. investor would be ________ and the direct quote for the British investor would be ________.

• A) £0.699/$; £0.699/$
• B) $0.699/£; £0.699/$
• C) £1.43/£; £0.699/$
• D) £0.699/$; $1.43/£

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Definitions:

Services

Services refer to the intangible products or activities provided by one party to another, often characterized by an exchange for payment.

Consumer Behavior

The study of how individual customers, groups, or organizations select, buy, use, and dispose of goods, services, ideas, or experiences to satisfy their needs and wants.

Products

Goods or services offered by a business to satisfy consumer needs, wants, or demands.

Services

Intangible products provided to consumers or businesses, such as education, healthcare, and financial advising, which satisfy needs or wants.