The exchange rate that represents the number of units of a foreign currency that can be purchased with one unit of a home currency is referred to as a(n) ________ quote.

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An indirect quote is when the exchange rate is expressed as the amount of foreign currency per unit of domestic currency. For example, if the exchange rate between the USD and EUR is 0.85, then 0.85 EUR can be purchased with 1 USD. This is also known as a "quantity" or "price" quote.

The Exchange Rate That Represents the Number of Units of a Foreign