Question

What is the term used to describe the relative value of one currency against another in foreign exchange trading?

a.

Exchange rate

b.

Settlement date

c.

Trading value

d.

Currency quotient

Answer: (a).Exchange rate Explanation:In foreign exchange trading, the relative value of one currency against another is referred to as the exchange rate.

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Q. What is the term used to describe the relative value of one currency against another in foreign exchange trading?

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