Question

What is the difference between American and European terms for quoting currencies? Give an example. If...

What is the difference between American and European terms for quoting currencies? Give an example. If you have traveled outside your home country, discuss how you exchanged currency while abroad. What process did you follow?

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

An american currency quote can be stated in terms of European currency like US $0.5 per C$1 which means 1 Canadian Dollar equals 0.5 US dollars.

Dollars can be bought through forex brokers, independent forex vendors at airport, banks and non banking financial institutions. Usually process being simple is to fillup forms and exchange local currency over counter plus brokerage charges amd get in return foreign currency of choice based on current exchanges rate.

PLEASE UPVOTE INCASE YOU LIKED THE ANSWER WILL BE ENCOURAGING FOR US THANKYOU VERY MUCH ALL THE BEST IN FUTURE

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
What is the difference between Punishment and Discipline? Give example. “How” must Discipline be delivered to...
What is the difference between Punishment and Discipline? Give example. “How” must Discipline be delivered to be effective and not damging with Discipline and “what” should it encourage? Discuss and give example.
i. What is the difference between an American option and a European option? ii.  Does the holder...
i. What is the difference between an American option and a European option? ii.  Does the holder of an option have to exercise it? iii.  Explain why the following statement is true or false. “A call seller is obliged to buy the underlying share at the exercise price.” iv.  Explain how an increase in the strike price affect the value of put and call written on the stock.
Number 5. What is the difference between an American option and a European option? Does the...
Number 5. What is the difference between an American option and a European option? Does the holder of an option have to exercise it? Explain why the following statement is true or false. “A put seller is at risk of losing money if the underlying price increases.” Explain why the following statement is true or false. “A call seller is obliged to buy the underlying share at the exercise price.” What is the maximum profit potential if you long a...
1.   What is the difference between institutional and product advertising. Give an example of each? 2.  ...
1.   What is the difference between institutional and product advertising. Give an example of each? 2.   What is the difference between competitive advertising and comparative advertising? Give an example of each. 3. What is a target audience? In 2017 many companies launched the “fidget spinner”. What in your opinion would be the target audience for that product and why? 4. What is public relations? Whom can an organization reach through public relations? 5. How do organizations use public relations tools?...
International Trade What is the difference between an absolute and comparative advantage? Give an example. What...
International Trade What is the difference between an absolute and comparative advantage? Give an example. What are two ways nations prohibit trade? (Make sure to include the appropriate graphs for both the U.S. and the foreign country) who benefits and who pays for this action?
What is the difference between “You-Messages” and “I-Messages”? Give an example of each.
What is the difference between “You-Messages” and “I-Messages”? Give an example of each.
What is the difference between an interview and a survey? Give an example of either of...
What is the difference between an interview and a survey? Give an example of either of the types of techiques.
What is the difference between an opinion, fact and an assumption? Give an example of an...
What is the difference between an opinion, fact and an assumption? Give an example of an opinion, a fact and an assumption.
What is the difference between intraoperative and interoperative? Define each and give an example
What is the difference between intraoperative and interoperative? Define each and give an example
what is the difference between a primary and a secondary standard ? Give example of each
what is the difference between a primary and a secondary standard ? Give example of each
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT