Direct vs Indirect Quotes
I wanted to get clarification on how if the test uses both direct or indirect quotes. Also, I want to make sure I have them down.
(a/b) = 1.5 means that 1.5 units of a buys 1 unit of b
(a:b) = 1.5, means that 1.5 units of b buys 1 unit of a,
if a is foreign currency it is a direct quote, if b is foreign currency it is indirect
Is this correct?
Are there any other ways that they might present a quote that I didn't list? |