Question

, A direct quote: A. shows the amount of home currency received for one unit of the foreign currency exchanged B. shows the amount of foreign currency received for one unit of the home currency exchanged C. is equivalent to indirect quote D. None of the listed options are correct

Answer 1

B. shows the amount of foreign currency received for one unit of the home currency exchanged.

Step-by-step explanation:

• A direct quote is a quotation that shows the exchange rates and also states how much if the domestic currency is need for purchasing the foreign assets.

• Thus shows the sum of the amount of the currency that can be exchanged with one unit of home currency. And they can e direct and indirect quotes and direct quotes are much easier to consume and understand.