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Struggling with question 4 Please answer the given, you need to figure out if a certain quote is Direct or Indirect. ALSO, MAKE SURE THAT
Struggling with question 4
Please answer the given, you need to figure out if a certain quote is Direct or Indirect. ALSO, MAKE SURE THAT YOU CHOOSE THE RIGHT QUOTES. I wILL NOT GIVE CREDIT FOR USING wRONG QtOl B next 9 questions based on quotes provided in the table below. From the OS L OT GIVE Curreney Quotes: 1/1X1 Quotes:/X2 Euro (EUR) British Pound (GBP) Singapore Dollar (SGD) SGD/USD 1.3698 USDEUR # 10472 USD/EUR 09528 GBP/USD 0.5896 SGD/USD- 1.6667 GBPUSD 0 7246 Canadian Dollar (CAD) |USDCAD-04429 Swiss Francs (CH USD/ CHF 08345 USDCAD-OS517 USD CHF -0.7880 USDI CHF 0.8345 Mexican Peso (MXN) MXN /USD 10.500 MXN /USD-9.590 1. Based on the 1/1/X2 quote, S 1,500,000 can be converted into CAD- A) 664 350 B) 827 500 C)2,718.869 D) 3,386,769 2. Based on the 1/1/X2 quote, MXN 8,000,000 can be converted into S AL- 761904 B)834,202 C) 76,720,000 D) 84,000,000 3. Which one of the following is an indirect quote A) EUR B) CHF C) CAD D) SGD 4. Based on the 1/1/X2 quote, GBP 5,000,000 can be converted into SGD A) 2,068,759 B) 4,340,261 C) 5,746,782 D) 12,084 542 . Based on the 1/1/X2 quote, CHF 2,000,000 can be converted into GBP A) 1,086810 B) 1,750,254 C) 2,285,383 D) 3 680497 5. 254 Step by Step Solution
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