When currency rates are expressed in terms of units of foreign currency per dollar, it is called a direct quote.

Name: When currency rates are expressed in terms of units of foreign currency per dollar, it is called a direct quote.
Brand: Quizplus
Rating: 4.8 (57 reviews)

Question

Quizplus · Accepted Answer

When currency rates are expressed in terms of units of foreign currency per dollar, it is called an indirect quote. A direct quote is when currency rates are expressed in terms of units of the domestic currency per unit of foreign currency.

When Currency Rates Are Expressed in Terms of Units of Foreign