Suppose that the current exchange rate is £1.00 = $2.00.The indirect quote,from the U.S.perspective is

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Quizplus · Accepted Answer

The indirect quote is the foreign currency per one unit of the domestic currency. So, from the US perspective, the indirect quote would be how many dollars it takes to buy one unit of the pound. In this case, since the current exchange rate is £1.00 = $2.00, it would take $2.00 to buy one unit of the pound. Therefore, the indirect quote would be £0.50 = $1.00.

Suppose That the Current Exchange Rate Is £1