2. Foreign exchange rate quotations An exchange rate is the price of one country's currency expressed in another country's currency $ A The exchange rates of the euro () and the Japanese yen () relative to the U.S. dollar ($) are listed as follows: Spot Rate 0.7957 $1 Euro Y 108.4500 $1 Yen When exchange rates are stated in terms, the foreign exchange rate quotation represents the units of domestic currency that can be mei cam purchased with $1 How many euros can 1 purchase? -or uo Peon e 0.005870 C136.30 c 0.007337 an Indirect C0.008071 a direct The home currency price of one unlt of forelgn currency is called quotation