A dealer based in New York City provides a spot exchange rate quote of $12\mathrm{.}4035$ MXN$/$USD to a client in Mexico City. From the perspective of the Mexican client, indicate whether the following statements are true or false with a brief explanation.

a$)$ The direct exchange quotation is equal to $0\mathrm{.}0806.$

b$)$ The direct exchange quotation is equal to $12\mathrm{.}4035.$

c$)$ The indirect exchange quotation is equal to $12\mathrm{.}4035.$