When currency rates are expressed in terms of units of foreign currency per dollar, it is called a direct quote.

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Qu?nh Anh Nguy?n ??ng · Accepted Answer

Final Answer : False, Explanation :  When currency rates are expressed in terms of units of foreign currency per dollar, it is called an indirect quote. A direct quote is when currency rates are expressed in terms of units of the domestic currency per unit of foreign currency.

When currency rates are expressed in terms of units of foreign currency per dollar, it is called a direct quote.

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