A Quotation Representing the Value of a Foreign Currency in Dollars

A quotation representing the value of a foreign currency in dollars is referred to as a(n) ____ quotation; a quotation representing the number of units of a foreign currency per dollar is referred to as a(n) ____ quotation.

A) direct; indirect
B) indirect; direct
C) direct; direct
D) indirect; indirect
E) cannot be answered without more information

Correct Answer:

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