Generally, Exchange Rates Are Quoted as a Single Price of a Unit

question 36

Multiple Choice

Generally, exchange rates are quoted as a single price of a unit of foreign currency rather than a ratio because:

• A) the ratio of the units of home currency to units of foreign currency is always equal to one.
• B) the denominator is always equal to one.
• C) the price is fixed by the government.
• D) the rate is adjustable in increments of 25 basis points.

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Definitions:

Extraversion

A personality trait characterized by outgoingness, high energy, and enjoyment in social situations.

Dominant Attitude

The prevailing or most influential set of beliefs, feelings, or way of thinking in a particular individual or group.

Characteristics

Features or qualities that define or distinguish an individual, object, or phenomenon.

Life

The condition that distinguishes organisms from inorganic objects and dead organisms, being manifested by growth through metabolism, reproduction, and the power of adaptation to the environment through changes originating internally.