True or False

5. If the Russian government buys Russian rubles (RUB) (by selling their US dollar reserves) in the ForEx market, then, given everything else is constant, the USD/RUB exchange rate will increase.

6. Devaluation of a currency refers to an increase in the foreign exchange value of a currency that is pegged to gold or another currency.

7. If bank AAA quotes /$ exchange bid-ask spread as 3.05/$ -3.10/$ it means that you need 3.10 euros to buy 1$ from the bank.

8. 15 / exchange rate quote is an example of a quote in European terms?