2. Chapter 13 bankruptcy is the liquidation form for individuals. It allows individuals to receive a discharge of portion of debt. True b. False a. 3. Suppose that the current exchange rate is $1=0.80. The direct quote from our perspective is A. 1.00 = $1.25. B. 0.80 = $1.00. C. 1.00 = $1.80. D. None of the above 4. Suppose you observe the following exchange rates: 1 = $1.25; 1 = $2.00. Calculate exchange rate between euro and pound (either / or / is fine). A. 1 = 1.3333 B. 1 = 1.60 C. 1 = 1.60 D. 1 = 0.625 5. As of today, the spot exchange rate is 1.00 = $1.60 and the rates of inflation expected to prevail for the next year in the U.S. is 2% and 3% in the euro zone. Which currency is more likely to depreciate in the long run? A. Euros B. Dollars