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When a Currency Is Quoted Against the USD and the USD

question 16

True/False

When a currency is quoted against the USD and the USD is the base currency,this is direct quoting.


Definitions:

F-test

A statistical test used to compare the variances of two populations and is based on the F-distribution.

One-tailed Test

A statistical hypothesis test in which the region of rejection is on only one side of the sampling distribution.

Population Variances

The squared deviation of a set of values in a population from their mean, representing the dispersion within the population.

Equality

A concept referring to the state or quality of being equal, indicating that two or more entities are the same in quantity, size, degree, or value.

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