Suppose that the current exchange rate is €1.00 = $1.60. The indirect quote, from the U.S. perspective is: a. €1.00 = $1.60 b. €0.6250 = $1.00 c. €1.60 = $1.00 d. None of the above
Added by Amparo B.
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A direct quote is the amount of domestic currency needed to buy one unit of foreign currency. An indirect quote is the amount of foreign currency needed to buy one unit of domestic currency. Show more…
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