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Which of the following choices best describes a foreign exchange (FX) quotation O An indirect quote (currency per USS) of 1.5476 Swiss Fr/US$ means I
Which of the following choices best describes a foreign exchange (FX) quotation O An indirect quote (currency per USS) of 1.5476 Swiss Fr/US$ means I would receive $1.5476 for one Swiss Franc. O A direct quote of 99 Yen/US$ means I would pay $99 for one Japanese Yen. Q A New York dealer's bid quotation for Euros at $O.9225/Euro means that an individual would have to pay $0.9225 to buy one Euro
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes
11th International Edition
1259094901, 9781259094903
