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Exchange rate between currency A and currency B, given the values of currencies A and B with respect to a third currency is known as
Answer & Solution
Correct Answer:
Option
D
Exchange rate between currency A and currency B, given the values of currencies A and B with respect to a third currency is known as Cross exchange rate. A cross rate is the currency exchange rate between two currencies when neither are the official currencies of the country in which the exchange rate quote is given.
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