Reciprocals. Suppose that Australia is the home country. Determine whether the following quotes are direct or indirect,

Question:

Reciprocals. Suppose that Australia is the home country. Determine whether the following quotes are direct or indirect, and convert indirect (direct)

quotes to direct (indirect) quotes:

a. Euro: AUD1.4462/EUR.

b. Canada: CAD0.9812/AUD.

c. Canada: $0.72/C$ (direct quote)

d. Denmark: $0.1644/DKr (direct quote)

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