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: Spot Rate C 0.7245 / $1 Euro Yen * 99.4400 / $1 When exchange rates are stated in with one unit of domestic currency terms, the foreign exchange rate represents the number of American dollars that can be purchased American Given the exchange rate data above European Yen () can one euro ( 1) purchase? Given the exchange rate data above, how many yen () can one euro ( 1) purchase? 116.66 137.25 150.98 a direct 109.80 an indirect The foreign currency price of one unit of the home currency is called quotation