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Basic Question 1 of 12

The textbook uses the convention of A/B = e to identify exchange rates. The price currency is ______.

A. A
B. B
C. e

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I was very pleased with your notes and question bank. I especially like the mock exams because it helped to pull everything together.
Martin Rockenfeldt

Martin Rockenfeldt

Learning Outcome Statements

describe the foreign exchange market, including its functions and participants, distinguish between nominal and real exchange rates, and calculate and interpret the percentage change in a currency relative to another currency

CFA® 2024 Level I Curriculum, Volume 1, Module 7.