Question

If the direct quote for a U.S. investor for British pounds is $1.43/£, then the indirect quote for the U.S. investor would be ________ and the direct quote for the British investor would be ________. A. £0.699/$; £0.699/$ B. $0.699/£; £0.699/$ C. £1.43/£; £0.699/$ D. £0.699/$; $1.43/£

Answer 1

Answer:

The answer is A. £0.699/$; £0.699/$

Explanation:

The direct quote for British investor is the same as the indirect quote for the U.S. investor.

Calculation is as follows; 1/1.43 = 0.699