For an American trader, an interbank quotation of $1.4631/£ is in a direct terms b non-conventional terms c European d indirect terms

International Financial Management
14th Edition
ISBN:9780357130698
Author:Madura
Publisher:Madura
ChapterP3: Part 3: Exchange Rate Risk Management
Section: Chapter Questions
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For an American trader, an interbank quotation of $1.4631/£ is in

a direct terms

b non-conventional terms

c European

d indirect terms

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