- CFA Exams
- CFA Level I Exam
- Topic 2. Economics
- Learning Module 7. Capital Flows and the FX Market
- Subject 1. The Foreign Exchange Market
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.
User Contributed Comments 0
You need to log in first to add your comment.