CORPORATE FINANCE - CONNECT ACCESS
CORPORATE FINANCE - CONNECT ACCESS
12th Edition
ISBN: 9781264054893
Author: Ross
Publisher: MCG
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Chapter 31, Problem 4CQ
Summary Introduction

To explain: Exchange rate changes are necessarily good or bad for a particular company.

Exchange Rates

It may be defined as the value of one currency being quoted in terms of another currency. Such quotation may take two forms. The first form is the direct quotation where the value of one unit of foreign currency is given in terms of the domestic currency and in indirect quotation the value of a single unit of domestic currency is given in terms of foreign currency. Generally the quotation values are in reference with Country U dollars.

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