only need part 3 answered. The first 2 parts are correct and provided for reference.

STEP: 1 of 3 Suppose you are given a spot rate for the euro of 1 euro = $160. This quote is a direct_quotation. To convert it to the other type of quotation, you can simply take the reciprocal of the quote you received. This would yield a rate of 0.625 euros per dollar Dvinte STEP: 2 of 3 Suppose that a currency's indirect exchange rate is rising over time. This must mean that the direct exchange rate for this currency is falling over this same time period. Continue to assume a direct quotation of $1.60 per euro. Suppose you have also been given a direct quotation of $0.1 per peso. The cross exchange rate, indicating the euro value in terms of pesos, is pesos per euro