The Second Currency Named in an FX Quote Is Called

question 49

Multiple Choice

The second currency named in an FX quote is called the:

• A) basis currency.
• B) base currency.
• C) unit currency.
• D) terms currency.

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Definitions:

Assignment

The transfer of rights, responsibilities, or interests from one party to another.

Lawsuit

A legal case brought to court by one party against another seeking a judgment or resolution.

Disposal

The act of getting rid of something, especially by throwing it away or by sale.

Statute Of Frauds

A legal principle that requires certain types of contracts to be written in order to be enforceable.