The convention in the FX markets is the first-named currency in a FX quote is:
A) direct currency.
B) indirect currency.
C) terms currency.
D) unit of the quotation.

Name: The convention in the FX markets is the first-named currency in a FX quote is: A) direct currency. B) indirect currency. C) terms currency. D) unit of the quotation.
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Question

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In FX markets, the first-named currency in a quote is the base currency, which is the unit of the quotation.

The Convention in the FX Markets Is the First-Named Currency