In quoting exchange rates: Answer a. One should always quote these as units of foreign currency over a unit of domestic currency b. One should always quote the rate as the units of domestic currency...


In quoting exchange rates:


Answer


a. One should always quote these as units of foreign currency over a unit of domestic currency


b. One should always quote the rate as the units of domestic currency over a unit of foreign currency


c. Usually one should quote the rate in such a way that the value is greater than one


d. Each country's central bank determines how the rate is to be quoted



Jun 10, 2022
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