What does a currency’s quote represent?
A) The cost of the currency in gold
B) The amount needed to purchase one unit of the base currency
C) The average price over a certain period
D) The volatility of the currency
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What does a currency’s quote represent?
A) The cost of the currency in gold
B) The amount needed to purchase one unit of the base currency
C) The average price over a certain period
D) The volatility of the currency
B
B) The amount needed to purchase one unit of the base currency
B
B
B