2. Foreign exchange rate quotations An exchange rate is the price of one country's currency expressed in another country's currency. e Y ? $ The exchange rates of the euro (C) and the Japanese yen (1) relative to the U.S. dollar (5) are listed as follows: Euro Spot Rate 0,6069/51 Y 99.4400/51 Yen Euro Spot Rate 0.6069/$1 * 99.4400/51 Yen When exchange rates are stated as purchased with one unit of foreign currency quotation, the foreign exchange rate represents the number of domestic currency that can be Given the exchange rate data above, how many yen (x) can one euro (C 1) purchase? O x 188.43 O X163.85 O * 147.47 OX213.01 Direct and indirect quotations have relationship 3. The International monetary system Until August 1971, Industrialized countries around the world maintained a fixed exchange rate of their currencies with the U.S. dollar, which was linked to gold. The gold standardized system was called the Bretton Woods Fixed Exchange Rate System. 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