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

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