If on one day the indirect quote between mark and dollar was M2.10 per $1.00, and on

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If on one day the indirect quote between mark and dollar was M2.10 per $1.00, and on the next day the dollar appreciated by 6 percent.

What would be the new indirect quote rate?

If the Swiss franc was quoted as $0.29 (direct quote) yesterday and the dollar appreciated by 7 percent today.

What would be the new direct quote rate for the Swiss franc?

Related Book For answer-question

Financial Management for Public Health and Not for Profit Organizations

ISBN: 978-0132805667

4th edition

Authors: Steven A. Finkler, Thad Calabrese

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Posted Date: Apr 13, 2023 02:34 AM

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If on one day the indirect quote between mark and dollar was M2.10 per $1.00, and on

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ANSWER IS To calculate the new indirect quote rate we first need to understand that an in... View the full answer

Financial Management for Public Health and Not for Profit Organizations

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