A foreign currency quote of $1.00 : 0.85 British pounds is ____.
A) an indirect quote in Great Britain, but a direct quote in the U.S.
B) a direct quote in Great Britain, but an indirect quote in the U.S.
C) a direct quote in both great Britain and the U.S.
D) an indirect quote in both Great Britain and the U.S.
Correct Answer:
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