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a) Suppose that the Canadian dollar price of the euro is 1.4285, and the euro price of the Swiss franc is 0.9708. Find the cross
a) Suppose that the Canadian dollar price of the euro is 1.4285, and the euro price of the Swiss franc is 0.9708. Find the cross exchange rates (1 point) b) Suppose that the indirect quote for the euro in Toronto is 1.4285-95 1. From a Canadian perspective, is this a direct or indirect quote? Explain (0.5 point) 2. From a European perspective, is this a direct or indirect quote? Explain (0.5 point) 3. What are the direct and indirect quotes for the Canadian dollar in Toronto? (1 point) 4. What are the direct and indirect quotes for the euro in Europe? (1 point)
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