Indirect Exchange Rate Quotations from the U.S.perspective Are

question 37

Multiple Choice

Indirect exchange rate quotations from the U.S.perspective are

• A)the price of one unit of the foreign currency in terms of the U.S.dollar.
• B)the price of one U.S.dollar in the foreign currency.

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Definitions:

Conversion

In law, an act of wrongfully taking, using, or disposing of the personal property of another without consent.

Wrongfully Taking

Illegally taking possession of someone else's property without permission, akin to theft or larceny.

Trespass To Land

A legal term referring to the unauthorized entry onto another person's property.

Without Permission

Acting without permission means undertaking actions or accessing property without the consent or authorization of the owner or legal authority.