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7 . The data below represents exchange rates for the U . S . $ and the listed countries. * AUSTRALIA DOLLAR 0 . 7
The data below represents exchange rates for the US $ and the listed countries.
AUSTRALIA DOLLAR
BRAZIL REAL
CANADA DOLLAR
CHINA, PR YUAN
DENMARK KRONE
EMU MEMBERS EURO
HONG KONG DOLLAR
INDIA RUPEE
JAPAN YEN
MALAYSIA RINGGIT
MEXICO PESO
NEW ZEALAND DOLLAR
NORWAY KRONE
SINGAPORE DOLLAR
SOUTH AFRICA RAND
SOUTH KOREA WON
SRI LANKA RUPEE
SWEDEN KRONA
SWITZERLAND FRANC
TAIWAN DOLLAR
THAILAND BAHT
UNITED KINGDOM POUND
VENEZUELA BOLIVAR
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What is the exchange rate for US dollars and Chinese Yuan from the table? Is that a direct rate or an indirect rate? Explain. Determine either the direct or indirect exchange rate the one that is not given between the US $ and the Chinese Yuan. Use the above data table to compute the crossexchange rate between the New Zealand $ and the Taiwan Dollar. For the countries marked with the exchange rate is quoted as the number of dollars required to purchase the particular currency. All others are quoted as the number of units of the currency that may be purchased for $ Are the exchange rates with the direct or indirect exchange rates?
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