It is common in the United States to quote the British pound on a direct basis and the Japanese yen on an indirect basis.

Question

Quizplus · Accepted Answer

In the United States, the British pound is typically quoted on a direct basis, meaning the value of one pound is expressed in U.S. dollars. Conversely, the Japanese yen is often quoted on an indirect basis, where the value is given as the amount of yen per one U.S. dollar.

It Is Common in the United States to Quote the British