CFA Practice Question

There are 341 practice questions for this study session.

CFA Practice Question

What gives the home currency price of a certain quantity of the foreign currency quoted?
A. Spot rate
B. Cross rate
C. Direct quotation
Explanation: For example, the price of foreign currency is expressed in euros in France and in CA$ in Canada. Thus, in France, the CA$ might be quoted at euro 0.5, whereas in Canada, the euro would be quoted at CA$ 2.

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