When the German Mark Is Quoted as

question 45

Multiple Choice

When the German mark is quoted as $.52,this quote is a(n) :

• A) triangular rate.
• B) indirect rate.
• C) direct rate.
• D) cross rate.
• E) None of these.

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Definitions:

FTC Act

The Federal Trade Commission Act, a law established to prevent unfair business practices and protect consumers by promoting competition.

Deceptive Omissions

The act of intentionally withholding or concealing important information, leading to misrepresentation or fraud.

Exaggerated Sales Talk

Promotional statements and claims that stretch the truth or embellish the virtues of a product or service beyond reasonable limits.

Misleading Claims

False or deceptive statements made, especially in advertising or marketing, that can misguide consumers regarding the true nature or benefits of a product or service.