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2. Assume that you went to your bank to buy 10 million. The bank quoted that you can buy 120 for $1. Based on
2. Assume that you went to your bank to buy 10 million. The bank quoted that you can buy 120 for $1. Based on this information, answer the following questions: (15 Points) a. Is this a direct quote or an indirect quote? b. If it is a direct quote, what is the indirect quote or if it is an indirect quote what is the direct quote? C. How much dollar you need to buy 10 million? U Direct 1/120 =.0083 # B1 = 1/120 C,33,333.33
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