Difference between revisions of "Cross rate"
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According to [[Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition)]], | According to [[Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition)]], | ||
:[[Cross rate]]. The exchange rate between two non-U.S. currencies. | :[[Cross rate]]. The exchange rate between two non-U.S. currencies. | ||
| + | According to [[Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition)]], | ||
| + | :[[Cross rate]]. The exchange rate between any two currencies. | ||
==Related concepts== | ==Related concepts== | ||
Latest revision as of 01:39, 2 November 2019
Cross rate is the exchange rate between two non-U.S. currencies.
Definitions
According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),
- Cross rate. The exchange rate between two non-U.S. currencies.
According to Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition),
- Cross rate. The exchange rate between any two currencies.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
