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Q2: Suppose that the direct quote of domestic currency units needed to acquire a unit of foreign currency is 1 JD = 4.6 ILS. The
Q2:
Suppose that the direct quote of domestic currency units needed to acquire a unit of foreign currency is 1 JD = 4.6 ILS. The Indirect quote is -
a.
1 ILS = 0.215054 JD
b.
1 ILS = 0.217391 JD
c.
1 ILS = 0.297391 JD
d.
1 ILS = 0.257391 JD
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