The most commonly quoted currency exchange is that between the U.S. dollar and the European euro. For example, a quotation of EUR/USD 1.2174. The euro is the base currency and the dollar the price currency

Indicate whether the statement is true or false.


Answer: TRUE

Business

You might also like to view...

What is the name given to laws passed by a government?

A) common law B) canon law C) stare decisis D) statutes E) equity

Business

Assume you just bought a new home and now have a mortgage on the home. The amount of the principal is $200,000, the loan is at 4.75% APR, and the monthly payments are spread out over 25 years. What is the loan payment?

Use a calculator to determine your answer. A) $1,225.36 B) $1,206.58 C) $1,157.63 D) $1,140.23

Business

You were asked to write a report to management indicating the primary advantage of external recruiting. You chose to focus on external recruiting's ability to ____ as its primary advantage.

A. provide strong motivation for current employees B. help retain quality employees C. aid in reducing costs D. bring in new perspectives and varied backgrounds E. aid in motivating employees rather than causing resentment

Business

Bond and Spear orally agreed that Bond would buy a car from Spear for $475 . Bond paid Spear a $100 deposit. The next day, Spear received an offer of $575, the car's fair market value. Spear immediately notified Bond that Spear would not sell the car to Bond and returned Bond's $100 . If Bond sues Spear and Spear defends on the basis of the statute of frauds, Bond will probably:

a. Lose, because the agreement was for less than the fair market value of the car. b. Win, because the agreement was for less than $500. c. Lose, because the agreement was not in writing and signed by Spear. d. Win, because Bond paid a deposit.

Business