The following is an example of an American term foreign exchange quote:
A) $20/£
B) €0.85/$
C) ¥100/€
D) none of the above

Name: The following is an example of an American term foreign exchange quote: A) $20/£ B) €0.85/$ C) ¥100/€ D) none of the above
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An American term foreign exchange quote expresses the amount of US dollars needed to purchase one unit of foreign currency. "$20/£" indicates how many US dollars are needed to buy one British pound, fitting the American term format.

The Following Is an Example of an American Term Foreign