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Which of the following is not true about exchange rates? A strengthening currency is evidenced by an increase in the directly quoted exchange rate. Importers
Which of the following is not true about exchange rates? A strengthening currency is evidenced by an increase in the directly quoted exchange rate. Importers benefit from a strong dollar. If one can buy 1FC for $.50,$1.00 will buy 2FC. The points in an exchange rate, or broker's commission, are influenced by several factors, including supply and demand for currency
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