A Rule for Working Out a Bid-Ask Cross Rate for Direct

question 8

True/False

A rule for working out a bid-ask cross rate for direct and indirect FX quotations is to multiply the two bid rates and multiply the two ask rates.

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Definitions:

Express Breach

A clear and definitive violation of a contract's terms, explicitly stated within the agreement.

Dock Strike

A work stoppage or labor strike involving dock workers, often due to disputes over pay, working conditions, or labor practices.

Mitigate Damages

The legal principle requiring a party suffering loss to take reasonable action to minimize the amount of the loss.

Wrongful Dismissal

The termination of an employee's contract of employment in violation of the contract or statutory law.