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(a) In the currency market, there are two types of currency quotation - direct quote and crossquote. Explain the difference between the two. (b) In

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(a) In the currency market, there are two types of currency quotation - direct quote and crossquote. Explain the difference between the two. (b) In an exchange rate quotation, the base currency value (price) is expressed in terms of quote currency. Identify the base currency and the quote currency in the following quotations. (i) $/C$, (ii) /$ (10 points)

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