Question

What is the main characteristic of a Direct Quote?

a.

The home currency price of one unit of foreign currency

b.

The foreign currency price of one unit of home currency

c.

The exchange rate between two foreign currencies

d.

The exchange rate between two domestic currencies

Answer: (a).The home currency price of one unit of foreign currency Explanation:The main characteristic of a Direct Quote is that it represents the home currency price of one unit of foreign currency.

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Q. What is the main characteristic of a Direct Quote?

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