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.

查看解析

登录即可查看完整答案

类似问题

In a consumer society, many adults channel creativity into buying things

Economic stress and unpredictable times have resulted in a booming industry for self-help products

People born without creativity never can develop it

A product has a selling price of $20, a contribution margin ratio of 40% and fixed cost of $120,000. To make a profit of $30,000. The number of units that must be sold is: Type the number without $ and a comma. Eg: 20000

Which of the following statement regarding cost is correct:

Under the assumptions used in cost-volume-profit analysis, as the activity increases:

The CVP and break-even analysis are supported by a range of important assumptions. Which of the following is not an assumption of the CVP:

The break-even point is that at which:

更多留学生实用工具

考试浏览器助手

风格化写作助手

论文查重助手

文献引用助手

课堂转译助手

课堂笔记助手

Quiz搜索助手

学校历年真题

智能刷题助手

智能匹配练习

希望你的学习变得更简单