Asked by
Akhil Dasari
on Dec 20, 2024Verified
The method of quoting foreign exchange rates that gives the number of foreign currency units received for one unit of domestic currency is referred to as the:
A) direct quote.
B) reverse quote.
C) inverse quote.
D) indirect quote.
Direct Quote
In foreign exchange, a price quote that specifies the domestic currency price of one unit of foreign currency.
Indirect Quote
A currency quotation in the foreign exchange markets that expresses the amount of foreign currency required to buy or sell one unit of the domestic currency.
- Contrast direct and indirect currency quotes in foreign exchange markets.
Verified Answer
YT
Learning Objectives
- Contrast direct and indirect currency quotes in foreign exchange markets.