BUSI 303 Chapter 5 Questions And All Correct Answers.

direct quotation - Answer exchange rate of a foreign currency in domestic currency units indirect quotation - Answer express the value of domestic currency in foreign currency and is not as common volatility - Answer represents the possibility of a change in exchange rates projected over a year devaluation - Answer deliberate downward adjustment in the official exchange rate revaluation - Answer Upward change in the currency's value over the counter market - Answer decentralized market of securities that are not listed on an exchange market global financial market - Answer promote the exchange of goods and services across national borders foreign exchange market (FX) - Answer physical and virtual institutionalized structure whereby currency of one country is exchanged to currency of another cross rate - Answer calculated when parties are conducting a trade in currencies other than USD fixed exchange rate - Answer established and generally maintained by intervention from governments in the foreign exchange markets ask / offer rate - Answer the selling price of a currency (higher rate) exchange rate - Answer currency of one country is exchanged for the currency of another country forward exchange rate - Answer rate at which currency can be purchased in the future