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.This Question Belongs to Management >> International Finance And Treasury
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