When you write an exchange rate in terms of how many units of a foreign currency it takes to buy one US dollar, we call that: a)a direct quote b) the real price c) an indirect quote d) a depreciation
When you write an exchange rate in terms of how many units of a foreign currency it takes to buy one US dollar, we call that: a)a direct quote b) the real price c) an indirect quote d) a depreciation
Chapter22: International Finance
Section: Chapter Questions
Problem 10QP
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When you write an exchange rate in terms of how many units of a foreign currency it takes to buy one US dollar, we call that:
a)a direct quote
b) the real price
c) an indirect quote
d) a depreciation
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