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ikadub [295]
3 years ago
6

A/an ________ quote in the United States would be foreign units per dollar, while a/an ________ quote would be in dollars per fo

reign currency unit. A. indirect; direct B. direct; indirect C. direct; direct D. indirect; indirect
Business
2 answers:
Brilliant_brown [7]3 years ago
4 0

Answer:

The answer is A. indirect; direct

Explanation:

The direct quote  values one currency against the value of another.

Indirect quote is a currency quotation in the foreign exchange market that expresses the variable amount of foreign currency required to buy or sell fixed units of the domestic currency.

Alexeev081 [22]3 years ago
3 0

Answer:

The correct answer is letter "D": indirect; indirect.

Explanation:

Currency pair refers to comparing the value of money in two different currencies. It has the form: AAA/BBB; where AAA is the base currency and BBB is the quote currency. The <em>base currency</em> is the currency you intend to buy or sell. The <em>quote currency</em> is the price you pay to buy one unit of the base currency.

When a domestic currency appears after the slash, it is an <em>indirect quotation</em> -e.g.: JPY/USD. If the domestic currency appears in before the slash, it is called a<em> direct quotation</em> -e.g.: USD/JPY.

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