It is common in the U.S. to quote the British pound on a direct basis and the Japanese yen on an indirect basis.

Question

Quizplus · Accepted Answer

This statement is true. In the U.S., the British pound is typically quoted on a direct basis where 1 GBP equals a certain amount of USD. On the other hand, the Japanese yen is usually quoted on an indirect basis where the amount of JPY per USD is given. This convention is not a global standard and can vary in different countries.

It Is Common in the U