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hi i need help with these 3 questions. thank you The exchange rates for Mexican pesos on the following dates were: October 1, 20x5 December

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The exchange rates for Mexican pesos on the following dates were: October 1, 20x5 December 31, 20x5 April 1, 20x6 $0.068 $0.078 $0.076 Identify the type of exchange rate presented. A. Direct B. Indirect QUESTION 1 The exchange rates for Mexican pesos on the following dates were: October 1, 20x5 $0.068 December 31, 20x5 $0.078 April 1, 2006 $0.076 What happened to the U.S. dollar from October 1st to December 31st relative to the Mexican peso? A. Strengthened B. Weakened QUESTION 2 Accounting standards did not exist prior to the Accounting Standards Codification. True False

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