3) You call your local banker and he provides you with the following quotes on the EUR:USD currency pair (this is a direct quote and represents the number of US dollars per Euro) and the USDJPY currency pair (this is an indirect quote and represents the number of Japanese Yen per US dollar). Bid Aste BID 1.2456 109.55 ASK 1.2624 EUR:USD USD:JPY 3..2624 15.74 JPY 115.74 109551PY 1 11674 12 F a) (2 pts) How much would it cost your US Company to buy widgets from a German company for 60,000 Euros today? uss_75,744 Yen today? b) (2 pts) How much would it cost your US Company to buy widgets from a Japanese company for 8 million A3,026 14 = 8mill JPY USS_69,120,4 62 c) (1 pt) At your bank, which currency has a higher transaction cost and how did you arrive at your conclusion? &mill JPY I would say Euro since $1.26 due to the & Euro