Most Foreign Exchange Transactions Are Through the U

question 20

Multiple Choice

Most foreign exchange transactions are through the U.S. dollar. If the transaction is expressed as the foreign currency per dollar this known as ________ whereas ________ are expressed as dollars per foreign unit.

• A) European terms; indirect
• B) American terms; direct
• C) American terms; European terms
• D) European terms; American terms

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Definitions:

Global Broker

An intermediary who facilitates international transactions and investments between parties from different countries.

Chinese Market

The marketplace encompassing the buying, selling, and production of goods and services in China.

Direct To Consumer

A business model where companies sell directly to consumers, bypassing traditional retail intermediaries.

Marketing Channel

A system of intermediaries between the producer or seller of a product and the end consumer, facilitating the distribution of products or services.