In the _____ approach, foreign exchange rates are expressed in terms of the number of U.S.dollars that can be exchanged for one unit of another currency.
A)bid
B)ask
C)indirect quote
D)direct quote
E)spot rate

Question

Quizplus · Accepted Answer

The direct quote approach expresses foreign exchange rates as the number of U.S. dollars that can be exchanged for one unit of another currency, which is the definition provided in the question.

In the _____ Approach, Foreign Exchange Rates Are Expressed in Terms