Quotes in the spot currency market-direct or indirect

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Reference no: EM131813150

There are two types of quotes in the spot currency market, direct or indirect. Please respond to the following questions. Which of these is typically used in United States? Which of these is typically used in Europe? Which of these is typically used in Australia? Please critically discuss why Australia uses the type of spot quotes that it does relative to two other countries.I would like to make a clear explanation of the difference between Australia and other countries.

Reference no: EM131813150

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