2. Foreign exchange rate quotations

2. Foreign exchange rate quotations Aa Aa E An exchange rate is the price of one country's currency expressed in another country's currency. The exchange rates of the euro ( ) and the Japanese yen () relative to the U.S. dollar ($) are listed as follows: Euro Yen Spot Rate 0.7957 / $1 | 102.5600 / $1 When exchange rates are stated in terms, the foreign exchange rate quotation represents the units of domestic currency that can be purchased with $1. How many euros can 1 purchase? 0 O O 0.006982 0.006594 0.007758 0.008922 The home currency price of one unit of foreign currency is called quotation