Foreign Currency Exchange Rates

What Determines the Home Currency Price of Foreign Currency?

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What gives the home currency price of a certain quantity of the foreign currency quoted?

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A. B. C. D. E.

D

For example, the price of foreign currency is expressed in French francs in France and in Deutsche marks in Germany. Thus, in France, the Deutsche mark might be quoted at FF 4, whereas in Germany, the franc would be quoted at DM 0.25.