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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A direct quote is the amount of foreign currency per one unit of the domestic currency. In this case, it means that $1 can be exchanged for £0.625 (since 1/1.6 = 0.625). This quote is directly providing the value of the foreign currency in terms of the domestic currency.

An Exchange Rate of $1