The __________ price is used for people ...o the base currency.
举一反三
- The __________ price is used for people to sell a currency pair and reflects how much the market will pay for the quote currency in relation to the base currency.
- If a person buys or sells a currency pair, he buys or sells the base currency.
- If the forward exchange rate, defined as the domestic currency price<br/>of the foreign currency, is smaller than the spot exchange rate,<br/>there is a ( ). A: forward premium on the foreign currency. B: forward discount on the foreign currency. C: shortage of dollars. D: surplus of dollars.
- ()means the price of one unit foreign currency in terms of domestic currency. A: Direct quotation B: Indirect<br/>quotation C: American currency<br/>quotation D: Normal quotation
- A forward contract can be used to lock in the ____ of a specified currency for a future point in time. A: purchase price B: sale price C: A or B D: none of the above