An Indirect Exchange Rate Can Be Converted to a Direct

question 101

Multiple Choice

An indirect exchange rate can be converted to a direct exchange rate by:

• A)dividing the indirect rate by number of U.S.Dollars required to purchase one unit of the other currency.
• B)dividing the indirect rate by 100.
• C)multiplying the indirect rate by the spot rate.
• D)taking the inverse of the indirect rate.

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Definitions:

Norms

Shared beliefs or standards that dictate the expected and acceptable behavior within a particular group or society.

Violated

Violated refers to the act of breaking or failing to comply with a rule, law, agreement, or expectation.

Culture

The set of shared attitudes, values, goals, and practices that characterizes an institution, organization, or group.

Mores

are the accepted traditional customs, moral attitudes, or manners of a particular social group, which guide behaviors and can distinguish right from wrong.