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    Question

    Direct quotation is also known

    as
    A home currency quotation Correct Answer Incorrect Answer
    B foreign currency quotation Correct Answer Incorrect Answer
    C currency quotation Correct Answer Incorrect Answer
    D American quotation Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Direct quotation is  where the cost of one unit of foreign currency is given in units of local currency

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