A Direct Quote

question 7

Multiple Choice

A direct quote:

• A)shows the amount of home currency received for one unit of the foreign currency exchanged
• B)shows the amount of foreign currency received for one unit of the home currency exchanged
• C)is equivalent to indirect quote
• D)None of the listed options are correct

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Definitions:

International Payments

Transactions between countries for goods, services, and financial assets.

Goods Exports

The selling and shipment of physical products from one country to another.

Financial Account

A component of a country’s balance of payments that records transactions of foreign investment and domestic investment abroad.

Current Account

A component of a country's balance of payments that includes the trade balance, net primary income, and net secondary income, reflecting the value of exports and imports of goods and services.