"© 2012 Pearson Education, Inc. All rights reserved.1-9 The Market for Currencies Rates quoted in exhibit 1.2 are currency ""mid- rates"" because they ar"
{"Image DocumentName": "The Market for Currencies", "Image ImageDescription": "Rates quoted in exhibit 1.2 are currency mid-rates because they are midway between the average bid and offer rates among currency traders. Most currency quotes follow a convention asz a result of some history or tradition. E.g., euros per dollar and dollars per pound.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}