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18-01-2020
Social Studies

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The definition of __________ is about the foreign exchange quotes that show the number of foreign currency units per U.S. dollar.

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18-01-2020

Answer: American Currency Quotation

Explanation: The American currency quotation is a foreign exchange quote stating the amount U.S dollar(s) required to purchase a unit of a particular foreign currency.

For Instance, An American currency quote which says $0.00277 = 1NGN

This simply means 0.00277 is required to purchase 1 unit of Nigerian Naira. The quote above involves U.S dollar/Naira currency pair.

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