Asked by
Mikhaal Poston-Bartos
on Dec 02, 2024
Verified
The indirect quote states the price of a unit of foreign currency in US dollars.
Indirect Quote
A foreign exchange rate quoted as the foreign currency per unit of the home currency, the opposite of a direct quote.
- Differentiate between direct and indirect foreign exchange quotations.
Verified Answer
DA
Learning Objectives
- Differentiate between direct and indirect foreign exchange quotations.