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2 2 ) Most foreign exchange transactions are through the U . S . dollar. If the transaction is expressed as the foreign currency per

22) Most foreign exchange transactions are through the U.S. dollar. If the transaction is expressed as the foreign currency per dollar this known as ________ whereas ________ are expressed as dollars per foreign unit.
A) European terms; indirect
B) American terms; direct
C) American terms; European terms
D) European terms; American terms
E) direct terms; indirect terms

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