Describes the price of a foreign currency expressed

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Reference no: EM132742198

Problem 1. Identify the one that best describes the price of a foreign currency expressed in terms of some units of a local currency is best described by

A. Direct Rate

B. Reciprocal Rate

C. Indirect Rate

D. Exchange Rate

Problem 2. Commercial banks are regulated through tripe wires such as CAMELS. Which one of the following indicates whether the bank is able to meet short term withdrawal and loan requests?

A. C

B. A

C. M

D. L

Reference no: EM132742198

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