State whether the following is true or false.textsterling1 = US$1.8879 is a direct quotation of the exchange rate of sterling pound.

FOREIGN CURRENCY MARKETS

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

State whether the following is true or false.£1 = US$1.8879 is a direct quotation of the exchange rate of sterling pound.

A	False
B	True
C	Either A or B
D	None of the above

Explanation:

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ECONOMICS (CBSE/UGC NET)

ECONOMICS

FOREIGN CURRENCY MARKETS