Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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
image text in transcribed
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

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Exchange Rates and International Finance

Authors: Laurence Copeland

6th edition

273786040, 978-0273786047

More Books

Students also viewed these Finance questions

Question

7. LO.1, 2 Interpret this Regulation citation: Reg. 1.16310(a)(2).

Answered: 1 week ago