Question
(1) A U.S. investor just received a foreign exchange rate quote for USD 1.1855/EUR. What kind of quote is this, in terms of direct vs
(1) A U.S. investor just received a foreign exchange rate quote for USD 1.1855/EUR. What kind of quote is this, in terms of direct vs indirect? How about in terms of American vs European?
(2) If a month later, the exchange rate between USD and EUR became USD1.1920/EUR. Without calculation, did EUR appreciate or depreciate against USD?
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College Mathematics For Business Economics, Life Sciences, And Social Sciences
Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker
14th Edition
0134674146, 978-0134674148
