Which of the following statement is correct?
Statement I In currency quotation, the first currency is the base Currency and the second currency is known as the quoted currency.
Statement II A currency pair is generally represented by using a hyphen or an oblique.

A) Both statements are correct B) Both statements are incorrect C) Statement I is correct, but Statement II is incorrect D) Statement II is correct, but Statement I is incorrect

Answer & Solution

Correct Answer: Option A

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Which of the following statement is correct Statement I In currency...

Which of the following statement is correct? Statement I In currency quotation, the first currency is the base Currency and the second currency is known as the quoted currency. Statement II A currency pair is generally represented by using a hyphen or an oblique.

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Related Questions on International Finance and Treasury

Which of the following statement is correct?
Statement I In currency quotation, the first currency is the base Currency and the second currency is known as the quoted currency.
Statement II A currency pair is generally represented by using a hyphen or an oblique.