The direct exchange rate is $1.65/£1. Then the indirect exchange rate is
A. £0.61 / $1
B. $0.61 / £1
C. £1 / $1.65
D. £1.65 / $1
Answer: A. £0.61 / $1
The direct exchange rate is $1.65/£1. Then the indirect exchange rate is
A. £0.61 / $1
B. $0.61 / £1
C. £1 / $1.65
D. £1.65 / $1
Answer: A. £0.61 / $1