Asked by
Kopano Motsebe
on Dec 02, 2024
Verified
An exchange rate quoted as $1.47 per British pound is known as a ____ quote.
A) hedge
B) direct
C) futures
D) indirect
Direct Quote
A foreign exchange rate quoted as the domestic currency per unit of a foreign currency.
- Distinguish between direct and indirect quotations in the context of foreign exchange markets.
Verified Answer
GA
Learning Objectives
- Distinguish between direct and indirect quotations in the context of foreign exchange markets.