If the direct quote shows Mexican pesos at $.1005, the indirect quote will show that approximately ten U.S. dollars can be purchased with one peso.

Name: If the direct quote shows Mexican pesos at $.1005, the indirect quote will show that approximately ten U.S. dollars can be purchased with one peso.
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Question

Quizplus · Accepted Answer

The indirect quote would show that approximately one U.S. dollar can be purchased with ten pesos, since the direct quote is stating the value of one peso in U.S. dollars (which is about $0.1005).

If the Direct Quote Shows Mexican Pesos at