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Suppose that the current exchange rate is €1.00 = $1.60. The indirect quote, from the U.S. perspective is:

A. €1.00 = $1.60

B. €0.6250 = $1.00

C. €1.60 = $1.00

D. €0.6250 = $1.60

E. None of the above is correct

Basic Finance, Finance

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