1.The data below represents exchange rates for the U.S. $ and the listed countries.

*AUSTRALIA DOLLAR 0.6886

BRAZIL REAL 4.061

CANADA DOLLAR 1.3268

CHINA, P.R. YUAN 7.0754

DENMARK KRONE 6.7431

*EMU MEMBERS EURO 1.1074

HONG KONG DOLLAR 7.8237

INDIA RUPEE 71

JAPAN YEN 108.12

MALAYSIA RINGGIT 4.1649

MEXICO PESO 19.3555

*NEW ZEALAND DOLLAR 0.6384

NORWAY KRONE 8.9765

SINGAPORE DOLLAR 1.3727

SOUTH AFRICA RAND 14.53

SOUTH KOREA WON 1176.62

SRI LANKA RUPEE 179.74

SWEDEN KRONA 9.6095

SWITZERLAND FRANC 0.9898

TAIWAN DOLLAR 30.88

THAILAND BAHT 30.47

*UNITED KINGDOM POUND 1.2462

VENEZUELA BOLIVAR 21391

What is the $/British Pound exchange rate from the table?Is that a direct rate or an indirect rate?Explain.Determine either the direct or indirect exchange rate (the one that is not given) between the US $ and the British Pound.Use the above data table to compute the cross exchange rate between the South Korean Won and the Taiwan Dollar.For the countries marked with * the exchange rate is quoted as the number of dollars required to purchase the particular currency.All others are quoted as the number of units of the currency that may be purchased for $1.00.Are the exchange rates with the * direct or indirect exchange rates?