An exchange rate of $1.6 per British pound is an example of a direct quote in the United States.

Name: An exchange rate of $1.6 per British pound is an example of a direct quote in the United States.
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Question

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A direct quote displays the domestic currency's value in terms of a foreign currency. In this case, the US dollar is the domestic currency and the British pound is the foreign currency, and $1.6 is the value of one pound.

An Exchange Rate of $1