You find that the exchange rate quote for the yen is 121 yen per dollar.This is an example of a/an ________ quote.You also find that the euro is worth $1.33.This second quote is an example of a/an _______ quote.

Question

Quizplus · Accepted Answer

The yen quote is indirect because it shows how many units of foreign currency (yen) are needed to buy one unit of domestic currency (dollar). The euro quote is direct because it shows how many units of domestic currency (dollars) are needed to buy one unit of foreign currency (euro).

You Find That the Exchange Rate Quote for the Yen