The number of units of the foreign currency needed to acquire one unit of the domestic currency (the U.S. dollar) is referred to as the indirect quotation of the exchange rate.

Name: The number of units of the foreign currency needed to acquire one unit of the domestic currency (the U.S. dollar) is referred to as the indirect quotation of the exchange rate.
Brand: Quizplus
Rating: 4.9 (42 reviews)

Question

Quizplus · Accepted Answer

An indirect quotation expresses the amount of foreign currency needed to purchase one unit of the domestic currency, such as the U.S. dollar.

The Number of Units of the Foreign Currency Needed to Acquire