The Currency Quotation Method That Indicates the Amount of a Home

question 89

Multiple Choice

The currency quotation method that indicates the amount of a home country's currency needed to purchase one unit of a foreign currency is called the

• A)direct quotation method
• B)indirect quotation method
• C)floating exchange rate method
• D)none of the above

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Definitions:

Destination Contracts

Agreements where the seller is responsible for delivering goods to a specific place, and risk of loss does not pass to the buyer until the goods reach that location.

Identification

The process of recognizing or establishing the identity of a person or thing.

Owner in Common

A form of property ownership in which two or more individuals share ownership rights in a property without specific divisions among them.

Fungible Goods

Goods that are alike by physical nature, by agreement, or by trade usage. Examples are wheat, oil, and wine that are identical in type and quality.