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In exchange rate quotes stated as CUR1/CUR2 ...

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Finance

  1. In exchange rate quotes stated as CUR1/CUR2

    a. CUR1 is the quote currency; we read how much of CUR1 is required for 1 unit of CUR2

    b. CUR1 is the base currency; we read how much of CUR2 is required for 1 unit of CUR1

    c. CUR2 is the quote currency; we read how much of CUR1 is required for 1 unit of CUR2

    d. CUR2 is the base currency; we read how much of CUR2 is required for 1 unit of CUR1

What is incorrect about the market convention of American terms?

a. They say how much euro or other currency to pay for 1USD

b. They say how much USD or other currency to pay for 1EUR, 1 GBP, 1AUD or 1NZD

c. They are the quotes used for options and futures

d. They are the quotes used in the retail market for tourists

a. It should allow for exchange rate stability, free flow of capital and monetary independence

b. It is dubbed the impossible trinity

c. It is the nickname given to the dollar during the Bretton Woods years

d. It should allow for exchange rate stability, full financial integration and independent monetary policy

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