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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

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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 US dollar ($) are listed as follows: Euro Spot Rate 0.7957 / $1 * 99,4400 / $1 Yen $ When exchange rates are stated as an indirect quotation, the foreign exchange rate represents the number of American dollars that can be purchased with one unit of domestic currency. Given the exchange rate data above, how many yen () can one euro ( 1) purchase? X 124.97 X 162.46 Euro 0.7957 / $1 X 99.4400 / $1 Yen $ When exchange rates are stated as an indirect quotation, the foreign exchange rate represents the number of American dollars that can be purchased with one unit of domestic currency. Given the exchange rate data above, how many yen () can one euro ( 1) purchase? X 124.97 Y 162.46 Y 156.21 Y 143.72 The foreign currency price of one unit of the home currency is called quotation a direct a direct an indirect

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