The Implicit Exchange Rate Between Two Currencies When Both Are

question 40

Multiple Choice

The implicit exchange rate between two currencies when both are quoted in some third currency is called a(n) :

• A)open exchange rate.
• B)cross-rate.
• C)backward rate.
• D)forward rate.
• E)interest rate.

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Definitions:

Whig

The Whig Party was a political party active in the middle of the 19th century in the United States, advocating for federal government support for a more modern, market-oriented economy.

Elections

Democratic processes in which citizens vote to select their representatives in government, making decisions on leadership and policies.

Tariff Issue

The debate or controversy surrounding the imposition of taxes on imported goods, which can affect trade relations, domestic industries, and economic policies.

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A southeastern US state, known for its shoreline of subtropical beaches and marshlike sea islands, and as the first state to secede from the Union prior to the Civil War.