Exchange rates are commonly quoted using acronyms for the national currencies they represent.

In economics, an exchange rate describes:A.the amount of currency available in fixed exchanges.B.how much one currency is worth compared to another.C.the total value of a country's imports and exports.D.how quickly prices are rising in an international market.

Exchange RateCurrency pegging refers to:Floating exchange rateFixed exchange rateAppreciating exchange rateDepreciating exchange rate

In conversation, interbank foreign exchange traders use a shorthand abbreviation in expressing spot currency quotations. Consider a $/£ bid-ask quote of $1.8797-$1.9012. The "bid price" is _____, which means dealer is ready to _____ (buy or sell) _____ (currency) at that price.A.1.9012; buy; USDB.1.8797; buy; GBPC.1.9012; sell; USDD.1.8797; buy; USD

…...................is the value of one currency for the purpose of conversion to another.Select one:a.Exchange Rateb.Trade Tariffsc.Inflationd.None of these

The exchange rates quoted by an authorised dealer to its customers are known as-Select one:a.Authorised ratesb.Commercial ratesc.Merchant ratesd.Indirect rates