The reflects the rate or amount of U.S. dollars required to purchase one unit of a...

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The reflects the rate or amount of U.S. dollars required to purchase one unit of a foreign currency. indirect rate direct rat

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Answer 1

Answer #1

Answer - The Correct answer is B) Direct Rate.

The Exchange rate is Expressed in 2 ways - Direct Rate/ Quote and Indirect rate/ Quote.

When Price of 1 unit of foreign currency is expressed in terms of Domestic currency then Quote is said to be direct and When Price of 1 unit of Domestic currency is expressed in terms of foreign currency then the Quote is said to be Indirect.

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