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The current exchange rate for the Brazilian real is 3.85 BRL per US dollar. The current exchange rate for the British pound is 0.69 GBP per US dollar.
Please circle all of the true statements below:
a. The direct quote for the BRL is 3.85, and the indirect quote for the GBP is 0.69.
b. The indirect quote for the BRL is 3.85, and the indirect quote for the GBP is 0.69.
c. The indirect quote for the BRL is 3.85, and the direct quote for the GBP is 1.45.
d. The direct quote for the BRL is 3.85, and the indirect quote for the GBP is 1.45.
e. None of the above.
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