If it takes 1.25 euros to buy 1 US dollar, the direct quote for the exchange rate is:Group of answer choicesUSD/EURO 0.25EURO/USD 1.00USD/EURO 1.25EURO/USD 0.8
Question
Solution 1
The direct quote for the exchange rate is USD/EURO 1.25. This is because a direct quote is the amount of foreign currency needed to buy one unit of the domestic currency. In this case, it takes 1.25 euros to buy 1 US dollar. Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem. Knowee AI is a powerful AI-powered study tool designed to help you to solv
solve study problem. Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem. Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem. Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem. Knowee AI is a powerful AI-powered study tool designed to help you to solve study prob
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