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Suppose that the current exchange rate is 1 . 0 0 = $ 1 . 2 0 . The indirect quote, from the U .

Suppose that the current exchange rate is 1.00=$1.20. The indirect quote, from the U.S. perspective is q,
$0.6250=$1.00
1.00=$1.20
1.20=$1.00
0.8333=$1.00
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