A direct exchange quotation is one in which the exchange rate is quoted (a) In terms of how many units of the domestic currency can be converted into one unit of foreign currency. (b) In terms of how...

(a) In terms of how many units of the domestic currency can be converted into one unit of foreign currency.

(b) In terms of how many units of the foreign currency can be converted into one unit of the domestic currency.

(c) For the future delivery of currencies exchanged.

(d) For the immediate delivery of currencies exchanged.