I

foreign exchange for two different value dates. Swap.

f the direct quote for a U$.$S$.$ investor for British pounds is $$\frac{1\mathrm{.}43}{?},$ then the indirect quote for the U$.$S$.$

investor would be

and the direct quote for the British investor would be

$.\frac{0\mathrm{.}699}{\text{\$}}$;$\frac{0\mathrm{.}699}{\text{\$}}$