A Direct Quote for the U

question 20

Multiple Choice

A direct quote for the U.S.dollar is given at $1.45 per 1 foreign currency unit (fcu) .The respective indirect quote for the U.S.dollar would be reported as

• A)1.45 fcu = $1.00.
• B)1.45 fcu = $.6897.
• C).6897 fcu = $1.00.
• D)1.00 fcu = $1.45.

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