Q1 Given a quote :$ = 1.34 for an American, is this a direct or an indirect quote? Q2: Please fill the blanks in the table below Domestic Currency Foreign Currency Indirect Exchange Direct Exchange Rate Rate Appreciate Depreciate Q3: Assume you have GBP 15000, given the conditions below, please show the details of your arbitrage strategy. NY GBP1 = USD2.5 Suez: USD1 = CHF4.5 London: GBP1 = CHF7.5 Q4. If the 4 month forward exchange rate is :$ = 1.2500 and the spot rate is :$ = 1.2800, calculate the forward premium/discount. Q5. What is Interest Rate Parity Relation, please write down the formula, explain it in details and prove it mathematically