In a quote exchange rate, currency that is to be purchase with another currency is called :
A. liquid currency
B. foreign currency
C. local currency
D. base currency
Answer: Option D
Solution(By Examveda Team)
In a quote exchange rate, currency that is to be purchase with another currency is called base currency. A base currency is the first currency that appears in a forex pair quotation. In the foreign exchange market, one currency will always be quoted in relation to another because you are buying one while selling the other.This Question Belongs to Management >> International Finance And Treasury
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