CFA CFA Level 1 Question on Direct & Indirect Quote in the US based on The Analyst Notes Questions

Question on Direct & Indirect Quote in the US based on The Analyst Notes Questions

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    • wannabe1988
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      Hi I am little confused answers given. If a direct exchange rate quote is used as explained in the choice B, doesn’t that means home currency is used as price currency & it tells us how many foreign currency is needed to buy one unit of US dollar? 

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