To a USTrader of Foreign Currencies, a Direct Quote Indicates U

question 18

True/False

To a U.S.trader of foreign currencies, a direct quote indicates U.S.dollars received for each one unit of the foreign currency.

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Definitions:

News Announcer

A broadcaster responsible for delivering news to the public through mediums like television, radio, or the internet.

Moderate

An adjective describing a medium or average level of intensity, severity, or degree, neither minimal nor excessive.

Actor-observer Effect

A bias in attribution theory where people tend to attribute their own actions to situational factors but others' actions to personal traits.

Voluntary

An action taken out of free will or choice, without compulsion or obligation.