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2. Foreign exchange rate quotations Aa Aa An exchange rate is the price of one country's currency expressed in another country's currency. The exchange rates

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2. Foreign exchange rate quotations Aa Aa 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 Spot Rate Euro 0.6069/$1 Yen 108.4500/$1 When exchange rates are stated as quotation, the foreign exchange rate quotation represents the units of domestic currency that can be purchased with $1. How many euros can 1 purchase? 178.70 O 0.005596 o 0.004477 o 0.005036 Direct and indirect quotations have relationship

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