If EUR/USD is quoted to you as 1.1050-53, does this price represent?
A) The number of EUP per USD
B) The number of USD per EUR
C) Depends on whether the price is being quoted in Europe or the US
D) Depends on whether the price is being quoted interbank or to a customer

Question

Quizplus · Accepted Answer

The first number in the quote, 1.1050, represents the number of USD one can buy with one EUR (how many USD per EUR). The second number in the quote, 1.1053, represents the price at which one can sell one USD to buy one EUR. Therefore, the price quote represents the number of USD per EUR.

If EUR/USD Is Quoted to You as 1