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1) If a bank quotes the following exchange rates for the US dollar (USD) against Korean Won (KRW) and Japanese Yen (JPY), what is the

1)

If a bank quotes the following exchange rates for the US dollar (USD) against Korean Won (KRW) and Japanese Yen (JPY), what is the cross-exchange rate in Yen/Won the bank will quote for an investor? That is find (JPY/KRW) rate

KRW/JPY = 1.5965-75

JPY/USD = 1.7215-45

2)

A German bank quotes bid-ask rates of USD1.1465/DM-USD1.1467/DM. IF the Chinese Yuan Renminbi (CNY) bid-ask rates are CNY104.146/USD-CNY104.246/USD. What will be the German Banks direct asking price of Yuan per Deutsche Mark (DM).

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