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Question 4: 8 marks If you can convert 150 Swiss francs to $90, what is the exchange rate quotation if:- a) You are a resident

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Question 4: 8 marks If you can convert 150 Swiss francs to $90, what is the exchange rate quotation if:- a) You are a resident in USA using direct quotation. (3 marks) b) You are a resident in Switzerlandusing direct quotation. (3 marks) c) If you receive the same amount of ($90) by converting (Swiss franc 200), explain in details whether the Swiss franc depreciates / appreciates against the US dollar? (2 marks)

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