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  • Accounting & Finance for Bankers - 1 (JAIIB)
  • The exchange rate between two currencies calculated on th...
Multiple choice

The exchange rate between two currencies calculated on the basis of the rate of these two currencies in terms of a third currency is known as

  1. Direct quote

  2. Indirect quote

  3. Cross rate

  4. Forward rate

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The rate quoted through the third currency is called cross rate.

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  • Currencies and Exchange Rates (1480 questions)
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