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In the case of exports if foreign currency is depreciated. The result is a. Gain b. Expense c. Loss d. Breakeven Suppose that the direct
In the case of exports if foreign currency is depreciated. The result is
a. Gain
b. Expense
c. Loss
d. Breakeven
Suppose that the direct quote of domestic currency units needed to acquire a unit of foreign currency is 1 JD = 4.6 ILS. The Indirect quote is -
a. 1 ILS = 0.217391 JD
b. 1 ILS = 0.215054 JD
c. 1 ILS = 0.257391 JD
d. 1 ILS = 0.297391 JD
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