Question: ciboard Help Center Increase decrease appreciate - depreciate Question 2 Consider two foreign exchange quotations between U.S. dollar (USD) and euro (EUR): USD 1.25/EUR and

 ciboard Help Center Increase decrease appreciate - depreciate Question 2 Consider

ciboard Help Center Increase decrease appreciate - depreciate Question 2 Consider two foreign exchange quotations between U.S. dollar (USD) and euro (EUR): USD 1.25/EUR and EUR 0.8/USD. 1) Which one is European term? 2) Which one is direct quotation in the United States? 3) Which one is direct quotation in the euro zone? 4) Which one is the price of USD in EUR? Selected Answer: 1. the one european term is EURO 1.25/EUR 2. The one direct quotation in the United States is EUR 0.8/USD 3. The one direct quotation in the euro zone is USD1.25/EUR 4. The price of USD in EUR is EURO 8/USD. Correct Answer: [None) Response Feedback: [None Given) Question 3 At the Moscow airport in Russia, there are two quotations between Russian Ruble (RUB) ein

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