In valuing a currency,the direct quote is
A) the traditional way of expressing the value of a currency like the Canadian dollar.
B) the value of the foreign currency expressed in units of the domestic currency.
C) the traditional way of expressing the value of a currency like the Japanese yen.
D) the value of the domestic currency expressed in units of foreign currency.
E) None of the above

Question

Quizplus · Accepted Answer

The direct quote is the value of the foreign currency expressed in units of the domestic currency,while the indirect quote is the value of the domestic currency and refers to the traditional way of expressing the value of a currency like the Canadian dollar and the Japanese yen.

In Valuing a Currency,the Direct Quote Is