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
A. Golden standard
B. Flexible exchange rate
C. Fixed exchange rate
D. Cross exchange rate
Answer: Option D
Solution(By Examveda Team)
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.This Question Belongs to Management >> International Finance And Treasury
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