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Part 2: Suppose the $/ bid and ask prices are $1.50/ and $1.51/ Are the above bid/ask price quotes ( direct or indirect ) quotes

Part 2: Suppose the $/ bid and ask prices are $1.50/ and $1.51/

  1. Are the above bid/ask price quotes (direct or indirect) quotes in U.S.? (0.2)
  2. What are the corresponding /$ bid and ask prices? To earn credits, you must show all your works. (0.4)

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