Indirect quote in japanese yen and chinese renminbi


Define and give an example of the following:

a. A direct quote between the U.S. dollar and the Mexican peso, where the United States is designated as the home country.

b. An example of an indirect quote between the Japanese yen and the Chinese renminbi (yuan), where China is designated as the home country.

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Finance Basics: Indirect quote in japanese yen and chinese renminbi
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