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

An exchange rate of €1 = $1.30 indicates that: Select one: a. $1 is worth 1.30 euros. b. You could get 1.30 euros for $1. c. One euro buys 1.30 dollars. d. One euro buys 0.77 dollars.

Suppose that the current exchange rate is €0.80 = $1.00. The direct quote, from the U.S. perspective isGroup of answer choicesnone of the options€0.80 = $1.00.£1.00 = $1.80.€1.00 = $1.25.

If 1 U.S. dollar is worth 2 euros, the ratio between these two currencies can be regarded as theirMultiple Choiceimport rate.exchange rate.trade balance.export rate.

Suppose that the current exchange rate is £1.00 = $1.50. The indirect quote from the U.S. perspective is £1.00 = $1.50.$0.67 = £1.00.£0.67 = $1.00.all choices are incorrect.

Suppose you observe the following exchange rates: €1 = $1.30; £1 = $2.10. Calculate the euro-pound exchange rate.