Assume you have a set of currency quotes. Which approach to quotation notation is used here? Select one – the most appropriate answer.

USD / PLN = 3.9971.

USD / TRY = 32.025.

GBP / USD = 1.2601.

AUD / CAD = 0.89162.

ARG / SGD = 0.00164.

Question

Assume you have a set of currency quotes. Which approach to quotation notation is used here? Select one – the most appropriate answer.

USD / PLN = 3.9971.

USD / TRY = 32.025.

GBP / USD = 1.2601.

AUD / CAD = 0.89162.

ARG / SGD = 0.00164.

BlackTom AI · Accepted Answer

The question asks you to identify which quotation notation approach is being used in the listed currency quotes.

Option 1: Alternative approach. This option is correct when the set of quotes does not adhere to a single, uniform base-currency convention across all pairs. In the provided data, some quotes are written in one form (for example USD/PLN = 3.9971 and USD/TRY = 32.025), while others involve different base/counter configurations (GBP/USD = 1.2601 and AUD/CAD = 0.89162, ARG/SGD = 0.00164). This mix indicates that there isn’t a single, consistent base currency being used for all pairs, which characterizes an alternative quotation approach where quotes may be shown in varying directions or conventions rather than a uniform traditional format.

Option 2: Traditional approach. This would imply a uniform quotation convention across all pairs, typically with the domestic or base currency stated in a specific, consistent position (for example, always quoting major pairs with the base currency first and the quote currency second, or always listing currency pairs in a standard direct/indirect format). The presence of diverse pair structures in the list makes a single, traditional, uniform convention unlikely, so this option is not supported by the given data.

In summary, the heterogeneous presentation of currency pairs here signals an alternative approach to quotation notation, rather than a strict traditional, uniform convention across all quotes.

econ_420_120255_249094 Lesson 11 Quiz

Assume you have a set of currency quotes. Which approach to quotation notation is used here? Select one – the most appropriate answer. USD / PLN = 3.9971. USD / TRY = 32.025. GBP / USD = 1.2601. AUD / CAD = 0.89162. ARG / SGD = 0.00164.

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