Which of These Is Defined as the Price of One

question 6

Multiple Choice

Which of these is defined as the price of one currency in terms of another?

• A) exchange rate
• B) spot transaction
• C) indirect exchange quote
• D) direct exchange quote

---

Definitions:

Law of Three Stages

Auguste Comte's theory which proposes that society develops through three phases: the theological, the metaphysical, and the positive or scientific phase.

Theological

Pertaining to the study of the nature of God and religious belief.

Metaphysical

Pertaining to the fundamental nature of reality, exploring concepts beyond the physical and empirical.

Regionalism

Loyalty to a particular region or area within a country, often with a desire for increased political autonomy or highlighting cultural distinctiveness.