In a quote exchange rate, the currency that is to 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, the currency that is to purchase with another currency is called Base currency. The base currency – also called the transaction currency is the first currency appearing in a currency pair quotation, followed by the second part of the quotation, called the quote currency or the counter currency.