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c. Consider the following illustrative exchange rates. U.S. Dollars Required to Buy One Unit of Foreign Currency Euro 1.2500 Swedish krona 0.1481 (1) Are these

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c. Consider the following illustrative exchange rates. U.S. Dollars Required to Buy One Unit of Foreign Currency Euro 1.2500 Swedish krona 0.1481 (1) Are these currency prices direct quotations or indirect quotations? Direct Quotations (2) Calculate the indirect quotations for euros and kronor (Hint: the plural of krona is kronor). Euro 0.8 Kronor 6.75 (3) What is a cross rate? Calculate the two cross rates between euros and kronor

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