QUESTION 2 a. Differentiate between direct quotation and indirect quotation. (2 Marks) b. At the beginning of 2016, the RM1 was valued at Singapore Dollar SGD 0.3257. On December 2017, it was valued at SGD 0.3307. REQUIRED: i. Calculate and determine RM depreciation or appreciation (3 Marks) ii. Calculate and determine the SGD appreciation or depreciation (5 Marks) C. A currency trader observes that, in the spot exchange market, 1 U.S Dollar can be exchanged for 4.22 Malaysian Ringgit and 1 U.S Dollar worth 1145.92 South Korean Won. Determine how many South Korean Won a person would receive in exchange for each Malaysian Ringgit. (5 Marks) (TOTAL: 20 MARKS)