Question

What is the concept of Cross Rates in Foreign Exchange?

a.

Exchange rates involving US dollars

b.

Exchange rates involving currencies of two different countries

c.

Exchange rates involving the domestic currency of a country

d.

Exchange rates involving multiple currencies without US dollars

Answer: (d).Exchange rates involving multiple currencies without US dollars Explanation:Cross Rates refer to exchange rates expressed by a pair of currencies where none of the currencies is the currency of the country.

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Q. What is the concept of Cross Rates in Foreign Exchange?

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