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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
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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