Multiple Choice
A direct quote for the U.S.dollar is given at $1.45 per 1 foreign currency unit (fcu) .The respective indirect quote for the U.S.dollar would be reported as
A) 1.45 fcu = $1.00.
B) 1.45 fcu = $.6897.
C) .6897 fcu = $1.00.
D) 1.00 fcu = $1.45.
Correct Answer:
Verified
Correct Answer:
Verified
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