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Suppose that the direct quote for the Singaporean dollar (SGD) is $0.70 and that the direct quote of the South African rand (ZAR) is $0.05.

Suppose that the direct quote for the Singaporean dollar (SGD) is $0.70 and that the direct quote of the South African rand (ZAR) is $0.05. What is the price of SGD in terms of ZAR (i.e., how many ZAR do you need to buy one SGD)?

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