The direct quote, also known as the normal quote, is the number of units of domestic currency needed to acquire one unit of foreign currency.

Name: The direct quote, also known as the normal quote, is the number of units of domestic currency needed to acquire one unit of foreign currency.
Brand: Quizplus
Rating: 4.8 (32 reviews)

Question

Quizplus · Accepted Answer

In a direct quote, the domestic currency is the base currency, and it represents how much of the domestic currency is required to purchase one unit of the foreign currency.

The Direct Quote, Also Known as the Normal Quote, Is