What is direct quotation and indirect quotation?

A direct quote (or direct quotation) is the exact words taken from an original source and used in a second piece of writing. An indirect quote (or indirect quotation) is the idea or fact taken from an outside source and used in a second piece of writing.

For example, If the exchange rate between the US dollar and the Chinese yuan is 0.56 yuan per US dollar, it is a direct quote for China, as the domestic currency for China is represented per unit of the US dollar (foreign currency). Similarly, the exact currency quote above is an indirect quote for the USA, as a USD1.

An indirect quotation (unlike a direct quotation) is not placed in quotation marks. For example: Dr. King said that he had a dream.

A direct quotation is A report of the exact words of an author or speaker and is placed inside quotation marks in a written work. For example, Dr. King said, “I have a dream.”

An indirect citation is When the ideas of one author are published in another author’s text but you have not read or accessed the original author’s work.

If you use an indirect quote, Include the source it originated from in your parenthetical citation, followed by the words “as cited in” and then the source you obtained it from. You only include the source you obtained it from in your reference page.

Direct Quote is one of the two methods used to define or express the foreign currency conversion rate with the domestic currency.
…
So, as per the formula, the quote would be;

1. = Domestic Currency (INR) / Foreign Currency (USD)
2. = 84000 / 1200.
3. = 70.

Indirect quotations are not exact wordings but rather rephrasings or summaries of another person’s words. In this case, It is not necessary to use quotation marks. However, indirect quotations still require proper citations, and you will be committing plagiarism if you fail to do so.

The purpose of using direct quotations is To direct attention to a particular element of an author’s style—therefore, if the information, not an author’s particular wording, is what is important for your purposes, paraphrases, rather than direct quotations, should be used.

To get the indirect quote, we just need to Find the inverse of the prices and then switch their places. So, for an EU resident, the indirect quotation rate for the euro and USD would be (0.7467 − 0.7468). Thus, the new bid (inverse of the direct ask 1.3392) would be 0.7467.

While direct quotations report an interviewee’s statement verbatim, indirect quotations enable you to Convey the overall meaning of what has been said, while paraphrasing the exact language.

The triple quotation is A nice way to be able to include other types of quotation within your string without having to use escape characters. For example: print(“He said \”my name’s John\””) That example requires escape characters \” to use double quote marks.

A short quotation Contains no more than four lines of quoted material. Normal MLA formatting should be used when incorporating a short quotation into your work. This includes reference to the author and page number of the quotation.

You’ll often use direct quotes in the middle of a paragraph. Use double quotation marks at the beginning and end of the quote, use the exact words from the original text and show your source, or your work being could be considered as plagiarism.