Answer:
The answer is A. indirect; direct
Explanation:
The direct quote values one currency against the value of another.
Indirect quote is a currency quotation in the foreign exchange market that expresses the variable amount of foreign currency required to buy or sell fixed units of the domestic currency.
Answer:
The correct answer is letter "D": indirect; indirect.
Explanation:
Currency pair refers to comparing the value of money in two different currencies. It has the form: AAA/BBB; where AAA is the base currency and BBB is the quote currency. The base currency is the currency you intend to buy or sell. The quote currency is the price you pay to buy one unit of the base currency.
When a domestic currency appears after the slash, it is an indirect quotation -e.g.: JPY/USD. If the domestic currency appears in before the slash, it is called a direct quotation -e.g.: USD/JPY.
