If You Are Looking at an Indirect Quote for a U.S.Dollar

question 9

Multiple Choice

If you are looking at an indirect quote for a U.S.Dollar -foreign currency exchange rate and the number has increased from yesterday to today,then

• A) the U.S Dollar has increased in value.
• B) the U.S Dollar has decreased in value.
• C) the foreign currency has decreased in value.
• D) both a and c are correct.

---

Definitions:

Limited Partners

Investors in a partnership who have limited liability to the extent of their investment but do not participate in management.

General Partners

Individuals in a partnership who are responsible for the management of the partnership, share the profits, and are personally liable for the partnership's debts.

Limited Partnership

A form of partnership consisting of at least one general partner who manages the business and is personally liable for debts, and one or more limited partners who contribute capital and share profits but have limited liabilities.

Control

Control refers to the power to influence or direct people's behavior or the course of events.