An economist will define the exchange rate between two currencies as the:

Related MCQs

• Exchange rate between currency A and currency B, given the values of currencies A and B with respect to a third currency is known as
• Outright forward transactions involve the exchange of currency beyond three days at a fixed exchange rate, known as the:
• ______________ involve the exchange of currency the second day after the date on which the two foreign exchange traders agree to the transaction.
• Difference between buying and selling rates in an exchange rate is known as
• A floating exchange rate
• In a quote exchange rate, the currency that is to be purchase with another currency is called the
• The exchange rate is the
• A simultaneous purchase and sale of foreign exchange for two different dates is called
• In the foreign exchange market, the ________ of one country is traded for the ________ of another country.
• Exchange rates