Question

Suppose that the current exchange rate is €0.80 = $1.00. The direct quote, from the U.S. perspective is Group of answer choices €0.80 = $1.00. £1.00 = $1.80. None of the answers provided. €1.00 = $1.25.

Answer 1

the direct quote from U.S. perspective is 1 Euro is $1.25

Step-by-step explanation:

The computation of the direct quote from the U.S perspective is

Given that

Euro 0.80 = $1

Now

1 Euro = 1 ÷ 0.80 $

So,

1 Euro = $1.25

Hence, the direct quote from U.S. perspective is 1 Euro is $1.25