Question: In forex trading, what do the terms base currency and quote currency refer to in a currency pair like EUR/USD?Base currency refers to the first

In forex trading, what do the terms base currency and quote currency refer to in a currency pair like EUR/USD?Base currency refers to the first currency and quote currency to the second currency in the pair.Base currency refers to the second currency and quote currency to the first currency in the pair.Both terms refer to the dominant currency in the pair.Both terms are interchangeable and have the same meaning.

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