Problems Q1. Suppose a spot exchange rate quote of S($/E) of $1.9072-77/E. If a customer wishes to purchase a million E, how many $would she require? If a customer wishes to sell a million E, how many $ would she receive? Q2. Suppose the $ appreciates by 500% against the Russian ruble A) By what % has the ruble devalued against the $? B) Suppose before the drop of the Russian Rubble the exchange rate was 1$-10 Rubble. What is the new exchange rate