Question 34 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

Question 34
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

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