Currencies are always quoted as part of a currency pair. Which of the following statements are true with this quoting convention, given this quote from Oanda.com: USD/CHF = 0.9167/71 Select one: a. The US Dollar is the base currency b. The Swiss Franc is the quote currency c. $100 US dollars will purchase 91.67 Swiss Francs d. 100 Swiss francs will purchase 109.09 USD e. All of the above are true It is important to know which currencies are the base currency and which are the quote currencies? Which of the following statements are correct with respect to base and quote currencies? Select one: a. The USD is the most common base currency b. If the currency pair contains the USD and the NZD, the NZD will be the base currency c. If the currency pair contains GBP and the Euro, the Euro will be base currency d. All of the above are true e. Only a. and c. above are true You decide to go to Mexico for a year on an international exchange. While in Mexico, you check Oanda.com for the exchange rate between CAD and MXN. The quote you see is CAD/MXN =15.9886/90? Which of the following are true statements with respect to this quote? Select one: a. Since you are in Mexico, this is a Direct quote b. An FX dealer will buy CAD 1,000 from you in exchange for MXN 15,9890 C. An FX dealer will sell CAD 1,000 to you in exchange for MXN 15,9886 d. All of the above are true e. Only a. and c. above are true