Pega. A cost center is part of an organization that does not produce direct profit and adds to the cost of running a company. Employees and cost center management are responsible for its costs but not for the revenues or investment decisions.
It is referred to in the currency markets as the Canadian Dollar. The currency of Canada is the Canadian Dollar. It is abbreviated CAD. Canada's currency is Dollar.
The currency that is used as the reference is called the counter currency, quote currency or terms currency and the currency that is quoted in relation is called the base currency or transaction currency.f a EUR/USD position is closed out with a profit in USD by a British bank, then the rate-to-base will be expressed as a GBP/USD rate. This ambiguity leads many market participants to use the expressions currency 1 (CCY1) and currency 2 (CCY2), where one unit of CCY1 equals the quoted number of units of CCY2.