When exchange rates are stated in terms, the foreign exchange rate quotation represents the units of domestic currency that can be purchased with $1.

Ans choices:

American

European

The home currency price of one unit of foreign currency is called quotation.

Ans choices:

a direct

an indirect

1. Foreign exchange rate quotations An exchange rate is the price of one country's currency expressed in another country's currency. The exchange rates of the euro () and the Japanese yen () relative to the U.S. dollar ($) are listed as follows: Spot Rate Euro 0.6069 / $1 Yen 108.4500 / $1 When exchange rates are stated in terms, the foreign exchange rate quotation represents the units of domestic currency that can be purchased with $1. How many euros can 1 purchase? o 0.005596 o 178.70 o 0.006715 o 0.006156 The home currency price of one unit of foreign currency is called quotation