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Basic Question 1 of 12

The textbook uses the convention of A/B = e to identify exchange rates. The price currency is ______.

A. A
B. B
C. e

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You have a wonderful website and definitely should take some credit for your members' outstanding grades.
Colin Sampaleanu

Colin Sampaleanu

Learning Outcome Statements

describe the foreign exchange market, including its functions and participants, distinguish between nominal and real exchange rates, and calculate and interpret the percentage change in a currency relative to another currency

CFA® 2025 Level I Curriculum, Volume 1, Module 7.