土豆妮

In the U.S., the indirect quote of 0.827541 euros per U.S. dollar (EUR/USD) is the equivalent of a direct quote of:

A) 0.0012 USD/EUR.

B) 1.2084 USD/EUR.

C) 0.1208 USD/EUR.

土豆妮

In the U.S., the indirect quote of 0.827541 euros per U.S. dollar (EUR/USD) is the equivalent of a direct quote of:

A) 0.0012 USD/EUR.

B) 1.2084 USD/EUR.

C) 0.1208 USD/EUR.

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1.2084 USD/EUR is the reciprocal of 0.827541 EUR/USD.

土豆妮

If the exchange rate value of the CAD goes from USD 0.60 to USD 0.80, then the CAD:

A) depreciated and Canadians will find U.S. goods more expensive.

B) depreciated and Canadians will find U.S. goods cheaper.

C) appreciated and Canadians will find U.S. goods cheaper.

土豆妮

If the exchange rate is JPY120/USD1, a bottle of rice wine that costs JPY2,400 costs:

A) USD 20.

B) USD 24.

C) USD 200.

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If USD1 buys JPY120, USD20 buys JPY2,400, which is the price of the bottle of wine. (USD/JPY120) × (JPY2,400/wine) = USD20/wine