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2. The Direct Foreign Exchange Rate in U.S. Dollars is as follows: 1 British Pound = $ 1.56 A. What is the Indirect Exchange Rate
2. The Direct Foreign Exchange Rate in U.S. Dollars is as follows:
1 British Pound = $ 1.56
A. What is the Indirect Exchange Rate for the British pound?
B. How many pounds must a British company use to buy goods costing $10,000 from a U.S. company?
C. How many U.S. dollars must be paid to purchase goods costing 10,000 British pounds?
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