[Solved] Suppose that the current exchange rate is

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Suppose that the current exchange rate is 0.70/$ or USD/EUR = 0.7 A. Which is the base currency from the indirect quote in European country?

Suppose that the current exchange rate is 0.70/$ or USD/EUR = 0.7

A. Which is the base currency from the indirect quote in European country?

B. Which is the reference currency from the indirect quote in European country?

Suppose the $/ bid and ask prices are $1.60/ and $1.61/

C. Are the above bid/ask price quotes (direct or indirect) quotes in U.S.?

D. What are the corresponding /$ bid and ask prices?

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