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7. The data below represents exchange rates for the U.S. $ and the listed countries. Continued next page What is the $/ Venezuela Bolivar exchange

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image text in transcribed 7. The data below represents exchange rates for the U.S. \$ and the listed countries. Continued next page What is the $/ Venezuela Bolivar exchange rate 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 Venezuela Bolivar. Use the above data table to compute the crossexchange rate between the British Pound 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 $1.00. Are the exchange rates with the * direct or indirect exchange rates

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