A/an ________ quote in the United States would be foreign units per dollar, while a/an ________ quote would be in dollars per foreign currency unit.

Question

Quizplus · Accepted Answer

A direct quote is the unit of home currency that is required to purchase a unit of foreign currency, while an indirect quote is the unit of foreign currency that can be obtained for a unit of the home currency. In the United States, a foreign currency is being quoted, so the quote is indirect. Therefore, the first blank should be filled in with "indirect." For the second blank, the quote is in dollars, which is the home currency, so it is direct. Therefore, the second blank should be filled in with "direct." The only option that fits this description is D.

A/an ________ Quote in the United States Would Be Foreign