A direct quote of $1.6255 dollars to buy one U.K.pound corresponds to an indirect quote of .6152 pounds per one dollar.

Question

Quizplus · Accepted Answer

A direct quote of $1.6255 dollars to buy one U.K. pound means that one U.K. pound is worth $1.6255. To get an indirect quote, we need to flip the currencies and calculate the reciprocal. So, one dollar is worth 1/1.6255 = 0.6152 pounds. Therefore, the statement is true.

A Direct Quote of $1