Converting an indirect quote to a direct quote require:
A)taking the inverse (1/quote)of the indirect quote.
B)contacting a broker in foreign exchange transactions.
C)taking into consideration the trend (positive or negative)of the value of the two currencies.
D)changing the ratios of the two currencies.

Question

Quizplus · Accepted Answer

Taking the inverse (1/quote) of the indirect quote converts it to a direct quote by reversing the currency pair, thus directly showing the amount of foreign currency per unit of domestic currency.

Converting an Indirect Quote to a Direct Quote Require