If your local currency is in variable form and foreign currency is in fixed form quotation will be:

A. indirect

B. direct

C. local form

D. foreign form

Answer: Option B

Solution(By Examveda Team)

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.