Which of the following statements is incorrect? All the answers are correct except one. O The European or indirect quote shows the amount of foreign currency per U.S. dollar. o If the exchange rate is the price in foreign currency for a dollar, the quote is called an American or direct quote. The European or indirect quote shows the amount of foreign currency per U.S. dollar. The London Interbank Offer Rate, or LIBOR, is also commonly used as the base rate for Eurodollar loans other than those between two banks