n NISM Certifications
NSM General NISM
Medium

Which of the following is true?

Practice question from NISM Series I - Mock Test 1 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Exchange rates are quoted in per unit of quotation currency

  2. B

    Quotation currency is the first currency in a currency pair

  3. Base currency is the first currency in a currency pair

    Correct answer

  4. D

    Base currency is the second currency in a currency pair

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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