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Basic Question 5 of 12
If the direct quotation for the euro is €:$ = 1.16, what is the indirect quotation?
B. -1.16
C. 0.862
A. 1.16
B. -1.16
C. 0.862
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I was very pleased with your notes and question bank. I especially like the mock exams because it helped to pull everything together.
Martin Rockenfeldt
Learning Outcome Statements
describe the foreign exchange market, including its functions and participants, distinguish between nominal and real exchange rates, and calculate and interpret the percentage change in a currency relative to another currency
CFA® 2025 Level I Curriculum, Volume 1, Module 7.