![Mcqmate logo](https://mcqmate.com/images/logos/logo-black.png)
![Mcqmate logo](https://mcqmate.com/images/logos/logo-white.png)
McqMate
Q. |
The rate of exchange of two currencies on the basis of exchange quotes of other pairs of currencies are derived when a quote of home currency (or desired currency) to any other currency is not available in the Foreign Exchange market is called ____________. |
A. | Direct Quote |
B. | Exchange Rate |
C. | Cross Rate |
D. | Dependent Rate |
Answer» C. Cross Rate |
View all MCQs in
Advanced Financial Management 2No comments yet