Question
Which of the following is an example of the American term exchange rate quotation that is, at the same time, an indirect quotation for Canadian
Which of the following is an example of the American term exchange rate quotation that is, at the same time, an indirect quotation for Canadian residents?
a) 1.33 CAD/ b) 0.93 USD/CAD c) 0.77 /CAD d) 1.07 CAD/USD e) Both (a) and (b) f) Both (c) and (d) g) Both (b) and (d) h) It is possible for a quote to be in European terms and, at the same time, to be a direct quote for the Canadian residents, but none of the above answers are correct. i) It is impossible for a quote to be in European terms and to be a direct quote for Canadian residents at the same time.
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