contestada

If the direct quote for a U.S. investor for British pounds is $1.43/£, then the indirect quote for the U.S. investor would be ________ and the direct quote for the British investor would be ________.

Respuesta :

Remzwisdom

Answer:indirect quote for U. S investor would be £0.699/$, while direct quote for British investor would be £0.699/$

Explanation:

Direct quote is when the one unit of foreign currency is expressed in terms of domestic currency.

Indirect quotation is when one unit of domestic currency is expressed in terms of foreign currency.

Indirect quote for U. S investor :

Indirect quote =1/direct quote

IQ=1/$1.43/£

IQ=£0.699/$

While Direct quote for British investor :

Direct quote=1/indirect quote

DQ=1/$1.43/£

DQ=£0.699/$

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