American terms
American terms is the foreign exchange rate quotation that represents the number of American dollars that can be bought with one unit of local currency.
Definitions
According to Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition),
- American terms. The foreign exchange rate quotation that represents the number of American dollars that can be bought with one unit of local currency.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
