Direct quotation is where the cost of one unit of foreign currency is given in units of local currency, whereas indirect quotation is where the cost of one unit of local currency is given in units of foreign currency. So, the correct answer is B, not A. thanks for asking!!
Hello! Exchange rate quotations can be quoted in two ways - Direct quotation and Indirect quotation. Direct quotation is when the one unit of foreign currency (e.g. USD 1) is expressed in terms of domestic currency (ETB 56.80). Similarly, the indirect quotation is when one unit of domestic currency (ETB 1) us expressed in terms of foreign currency (USD 0.018). Please watch it again!! thanks for asking!
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15 answer A
Direct quotation is where the cost of one unit of foreign currency is given in units of local currency, whereas indirect quotation is where the cost of one unit of local currency is given in units of foreign currency. So, the correct answer is B, not A. thanks for asking!!
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question number 15 solation is not indirect quote it's direct quote
Hello!
Exchange rate quotations can be quoted in two ways - Direct quotation and Indirect quotation. Direct quotation is when the one unit of foreign currency (e.g. USD 1) is expressed in terms of domestic currency (ETB 56.80). Similarly, the indirect quotation is when one unit of domestic currency (ETB 1) us expressed in terms of foreign currency (USD 0.018). Please watch it again!! thanks for asking!
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