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:

Second Person

A narrative perspective using "you," which directly addresses the reader or audience in a piece of writing or speech.

On-Subject Comment

A comment or remark that is directly related to the main topic or issue being discussed.

Inquiry

The act of seeking information by questioning or investigating, often a critical component of research or problem-solving.

Adjustment Refusal

The act of denying a request for changes or amendments, often communicated through a formal message.