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Which of the Below Statements Is TRUE

Question 7

Multiple Choice

Which of the below statements is TRUE?

A) Looking at it from a U.S. participant's perspective, we see that a quote indicating the number of dollars exchangeable for one unit of a foreign currency is an indirect quote.
B) A direct quote from a U.S. participant's perspective would be the number of units of the foreign currency that can be exchanged for one U.S. dollar.
C) From the point of view of a non-U.S. participant, the number of U.S. dollars exchangeable for one unit of a non-U.S. currency is an indirect quote.
D) From the point of view of a non-U.S. participant, the number of units of a non-U.S. currency exchangeable for a Japanese yen is a direct quote.

Correct Answer: