U.S.

Assume you are a U.S. citizen and currently you can exchange $180 (USD) for 125 GBP (British Pounds). What is the indirect quote relating the USD to the GBP?

Your response should be at least 100 words in length. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.

Moffett, M. H., Stonehill, A. I., & Eiteman, D. K. (2012). Fundamentals of multinational finance. (IV ed., pp. 158-161). New York: Pearson.

In-text citation

(Moffett, Stonehill & Eiteman, 2012)

No Wiki, no dictionary.com, please cite all work.