Rate: Difference between revisions
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imported>Doug Williamson (Create the page. Sources: linked pages.) |
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Revision as of 14:40, 11 May 2016
A price which is quoted as a ratio or a percentage.
For example, a foreign exchange rate or an interest rate.
Foreign exchange rates are quoted as a number of units of the variable currency, per one unit of the base currency.
Interest rates are quoted as percentages of the principal amount.
