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Finance Question - dollars, pesos, yen

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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.

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Finance Question - dollars, pesos, yen, and more...

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Direct quote: A foreign exchange rate quoted as the domestic currency per unit of the foreign currency. In other words, it involves quoting in ...

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