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A quotation is given as USD/CHF 1.1350/55. a. What are two currencies involved? b. Is the rate stated as USD per CHF or CHF per

A quotation is given as USD/CHF 1.1350/55. a. What are two currencies involved? b. Is the rate stated as USD per CHF or CHF per USD? c. Is this Direct or Indirect Quote in USA and why?

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