Asked by julia James on May 23, 2024
Verified
Exchange rate quotations consist solely of direct quotations.
Exchange Rate Quotations
The price of one currency in terms of another currency, commonly used in international trade and investment transactions.
Direct Quotations
Refers to the use of exact words from a source material, enclosed in quotation marks, in a written document.
- Acquire knowledge about the framework and ramifications of diverse exchange rate regimes, with a focus on floating rates and their effect on international finance.
Verified Answer
SO
Sammy O'DellMay 27, 2024
Final Answer :
False
Explanation :
Exchange rate quotations can be either direct or indirect. Direct quotations give the value of one unit of domestic currency in terms of a foreign currency, while indirect quotations give the value of one unit of foreign currency in terms of domestic currency.
Learning Objectives
- Acquire knowledge about the framework and ramifications of diverse exchange rate regimes, with a focus on floating rates and their effect on international finance.
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