QUESTION 1\ Use what you need of the following set of information to answer questions 1 through 6:\

S_(0)=$(1.0942)/()

\

S_(0)=(0.7857)/($)

\

S_(0)=$(1.2728)/()

\ Where:

S

= spot price;

=

euro;

=

British pound;\ Are the

(0.7857)/($)

and the

$(1.0942)/()

prices given above direct quotes or indirect quotes from the perspective of a U.S. citizen?\ Both are direct\ Both are indirect\ The first is direct and the second is indirect\ The first is indirect and the second is direct

Use what you need of the following set of information to answer questions 1 through 6 : S0=$1.0942/ S0=0.7857/$ S0=$1.2728/ Where: S= spot price; = euro; = British pound; Are the 0.7857/$ and the $1.0942/ prices given above direct quotes or indirect quotes from the perspective of a U.S. citizen? Both are direct Both are indirect The first is direct and the second is indirect The first is indirect and the second is direct Use what you need of the following set of information to answer questions 1 through 6 : S0=$1.0942/ S0=0.7857/$ S0=$1.2728/ Where: S= spot price; = euro; = British pound; Are the 0.7857/$ and the $1.0942/ prices given above direct quotes or indirect quotes from the perspective of a U.S. citizen? Both are direct Both are indirect The first is direct and the second is indirect The first is indirect and the second is direct