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A USD/YEN Quote Means the Price of USD1 in Terms

question 64

True/False

A USD/YEN quote means the price of USD1 in terms of YEN.


Definitions:

Implied Powers

Powers not explicitly stated but are considered necessary for fulfilling the expressly granted powers of an authority or government body.

Incorporated

refers to the process by which a business becomes a legally recognized entity that is distinct from its owners, providing benefits like liability protection and tax advantages.

Corporation Name

The legal name under which a corporation is registered to conduct business.

Société Anonymes

A French term for a public limited company, characterized by having its shares offered to the public and managed by a board of directors.

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