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I wonder also about question e her. The professor is saying that we need 1 0 NOK to purchase one USD. Which means that NOK
I wonder also about question e her. The professor is saying that we need NOK to purchase one USD. Which means that NOKUSD because for each USD you get NOK In the rest of the questions he is saying that we need NOK to purchase one GBP Which means that NOKGBP because for each GBP you get NOK When we are trying to find GBPUSD arent we suppose to divide NOKGBPNOKUSDSince if we do that, the answer would be for each USD we get x amount of GBPAs I have understood so far is when you have for example NOKUSD that means that for one USD you get NOK. Like USD NOK.Could you please explain to me this and eventually why its wrong, since it seems that my thinking is wrong. I want to understand why so when I to problem sets or examples and know why it is like that.
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