True or False To a U.S. trader of foreign currencies, a direct quote indicates U.S. dollars...

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Question

True or False To a U.S. trader of foreign currencies, a direct quote indicates U.S. dollars...

True or False

To a U.S. trader of foreign currencies, a direct quote indicates U.S. dollars received for each one unit of the foreign currency

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Answer 1

Answer #1

True in direct quote US dollar is variable currency and foreign unit is base currency.
Hence the statement is correct option.

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Answer 2

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True or False To a U.S. trader of foreign currencies, a direct quote indicates U.S. dollars...

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