You Observe a Quotation of the Japanese Yen (¥) of $0.007

question 37

Multiple Choice

You observe a quotation of the Japanese yen (¥) of $0.007. You are, however, interested in the number of yen per dollar. Thus, you calculate the ____ quotation of ____ ¥/$.

• A) direct; 142.86
• B) indirect; 142.86
• C) indirect; 150
• D) direct; 150
• E) indirect; 0