Can you help me with the following question? Thanks in advance
Define and give an example of the following:
a. A direct quote between the U.S. dollar and the Mexican peso, where the United States is designated as the home country.
b. An example of an indirect quote between the Japanese yen and the Chinese renminbi (yuan), where China is designated as the home country.
Direct quote: A foreign exchange rate quoted as the domestic currency per unit of the foreign currency. In other words, it involves quoting in ...
Finance Question - dollars, pesos, yen, and more...