The convention in the FX markets is the currency on the left hand side of a quote is:
A) direct currency.
B) indirect currency.
C) terms currency.
D) base currency.

Question

Quizplus · Accepted Answer

The correct convention is that the currency on the left hand side of a quote is the base currency, while the currency on the right hand side is the terms or quote currency. Therefore, the correct choice is D - base currency.

The Convention in the FX Markets Is the Currency on the Left