NO.PZ2016010802000203
问题如下：
What will be the effect on a direct exchange rate quote if the domestic currency appreciates?
选项：
A. Increase
B. Decrease
C. No change
解释：
B is correct.
In the case of a direct exchange rate, the domestic currency is the price currency (the numerator) and the foreign currency is the base currency (the denominator). If the domestic currency appreciates, then fewer units of the domestic currency are required to buy 1 unit of the foreign currency and the exchange rate (domestic per foreign) declines. For example, if sterling (GBP) appreciates against the euro (EUR), then euro–sterling (GBP/EUR) might decline from 0.8650 to 0.8590.
考点： direct exchange rate
解析：对于直接汇率，本币代表价格货币，外币代表基准货币。如果本币升值，那么需要更少的本币就能购买一定数量的外币，汇率就会下降。
标价是 本币:外币 ，本币升值，外币能换的本币少了，不是下降么