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Joe, one of the students in the College of Business, was curious about the trend of exchange rate between the Euro and US dollar. So,

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Joe, one of the students in the College of Business, was curious about the trend of exchange rate between the Euro and US dollar. So, he looked up a website to find that the exchange rate between the Euro and US dollar was 1.12 Euro/USD in late 2001. However, as of October 2005, the exchange rate is .83 Euro/USD The exchange rates quoted are O a direct quotation for Euro O a direct quotation for USD an indirect quotation for Euro an indirect quotation for USD Both a direct quotation for Euro and an indirect quotation for USD

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