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Suppose that the current exchange rate is 0.70/$ or USD/EUR = 0.7 A. Which is the base currency from the indirect quote in European country?
Suppose that the current exchange rate is 0.70/$ or USD/EUR = 0.7
A. Which is the base currency from the indirect quote in European country?
B. Which is the reference currency from the indirect quote in European country?
Suppose the $/ bid and ask prices are $1.60/ and $1.61/
C. Are the above bid/ask price quotes (direct or indirect) quotes in U.S.?
D. What are the corresponding /$ bid and ask prices?
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