In Quoting Exchange Rates

question 80

Multiple Choice

In quoting exchange rates:

• A) one should always quote these as units of foreign currency over a unit of domestic currency.
• B) one should always quote the rate as the units of domestic currency over a unit of foreign currency.
• C) usually one should quote the rate in such a way that the value is greater than one.
• D) each country's central bank determines how the rate is to be quoted.

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