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

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2. Foreign exchange rate quotations 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 Spot Rate 0.7957 / $1 102.5600 / $1 Yen $ 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? O 0.007758 128.89 O 0.006982 0.009698 Direct and indirect quotations have relationship

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