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QUESTION 17 A rate of exchange is the price of one currency in terms of another. The 1st and second currency are called respectively Base

QUESTION 17

  1. A rate of exchange is the price of one currency in terms of another. The 1st and second currency are called respectively

    Base (or Variable) , underlying (or Fixed)

    None of the choices

    Underlying (variable) , Base (Fixed)

    No the namings given cannot be used interchangeably

    Base (or Fixed) , underlying (or Variable)

    Underlying (or Fixed) , base(orVariable)

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