Direct vs Indirect Quotes present, foreign, correct, currency

zbird2134

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?

defour44

That's correct.

brainsX

Just a question that goes along with this...

The main CFAI reading made it sound like they'll be using A:B going foward.. Does this mean that we shouldn't see any A/B?