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?
1a. 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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Basic Finance An Introduction To Financial Institutions, Investments And Management
Authors: Herbert B Mayo
9th Edition
0324322291, 9780324322293
