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Foreign Exchange Quotes Are Often Confusing

question 20

Essay

Foreign exchange quotes are often confusing. Define these terms and then identify the types of quotes that follow. Direct quote, indirect quote, American terms, European terms.
EUR0.686 = USD1, this quote found in Frankfurt, Germany
USD1.4577 = EUR1.0, this quote found in San Francisco, California


Definitions:

Jaeger Chart

An eye chart used for reading up close and for determining near vision.

Peak Flow Testing

A diagnostic method used to measure the maximum speed of air that can be forcibly exhaled, helping to monitor lung function.

Exhale

To breathe out.

Tympanometry

a diagnostic test measuring the movement of the eardrum in response to changes in air pressure, used to assess middle ear function.

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