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2-1 a- The direct bid rate for the Kuwaiti Dinar is $3.2289/KWD. The direct ask rate for the Kuwaiti Dinar is $3.3089/KWD. Calculate the indirect

2-1

a-

The direct bid rate for the Kuwaiti Dinar is $3.2289/KWD.

The direct ask rate for the Kuwaiti Dinar is $3.3089/KWD.

Calculate the indirect bid rate for the Kuwaiti Dinar. (Label the currencies)

b-

From a, calculate the indirect ask rate for the Kuwaiti Dinar. (Label the currencies)

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