Q696
If your local currency is in variable form and foreign currency is in fixed form quotation will be:
A.
indirect
B.
direct
AnswerC.
local form
D.
foreign form
Answer: Option B
Solution
Answer: Option B
Solution:
If your local currency is in variable form and foreign currency is in fixed form quotation will be direct. A local currency, is a currency that can be spent a particular area at participating organisations. Usually it will act as a complementary currency, that is to be used in additional to a national currency, rather than replace it.