97.A quotation representing the value of a foreign currency in dollars is referred to as a(n) ____ quotation; a quotation representing the number of units of a foreign currency per dollar is referred to as a(n) ____ quotation.
PTS:198.You observe a quotation of the Japanese yen (¥) of $0.007. You are, however, interested in the number of yen per dollar. Thus, you calculate the ____ quotation of ____ ¥/$.a.direct; 142.86b.indirect; 142.86c.indirect; 150d.direct; 150e.indirect; 0ANS:B
PTS:199.Which of the following is not true regarding electronic communications networks (ECNs)?
PTS:1100.Which of the following is probably not appropriate for an MNC wishing to reduce its exposure to British pound payables?
PTS:1101.Futures contracts are sold on exchanges and are consequently ____ than forward contracts, which can be ____ to satisfy an MNC's needs.