The currency quote "JPYUSD = 0.0109053" means:
A) 0.0109053 USD can be used to buy 1 JPY.
B) 0.0109053 JPY can be used to buy 1 USD.
C) 0.0109053 JPY can be used to buy 1 of any currency traded in the foreign exchange market where the quote is given.
D) 0.0109053 USD can be used to buy 1 of any currency traded in the foreign exchange market where the quote is given.
Correct Answer:
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