An executive from Switzerland checked into a hotel room in Spain and was told by the hotel manager that 1 EUR will buy XXXXXXXXXXCHF. From the executive’s perspective, an indirect exchange rate quote...

An executive from Switzerland checked into a hotel room in Spain and was told by the hotel manager that 1 EUR will buy 1.2983 CHF. From the executive’s perspective, an indirect exchange rate quote would be:

A. 0.7702 EUR per CHF.

B. 0.7702 CHF per EUR.

C. 1.2983 EUR per CHF.