In Quoting Exchange Rates

question 3

Multiple Choice

In quoting exchange rates:

• A)One should always quote these as units of foreign currency over a unit of domestic currency
• B)One should always quote the rate as the units of domestic currency over a unit of foreign currency
• C)Usually one should quote the rate in such a way that the value is greater than one
• D)Each country's central bank determines how the rate is to be quoted

---

Definitions:

Corporation

A legal entity that is separate and distinct from its owners, with rights and liabilities, capable of conducting business.

Promoter

An individual or company responsible for organizing and often financing concerts, plays, or other events.

Duty to Be Careful

The duty to be careful, often referred to as a duty of care, is a legal obligation imposed on individuals to act with the caution and attentiveness of a reasonable person to avoid causing harm to others.

Director

An individual appointed or elected to oversee the management and strategic direction of a company or organization.