Question
Suppose that the exchange rate is 1CAD=100JPY. To quote this, from a Canadian investor's perspective, what are the direct and indirect quotes? Direct: 1.25CAD=1USD.
Suppose that the exchange rate is 1CAD=100JPY. To quote this, from a Canadian investor's perspective, what are the direct and indirect quotes? Direct: 1.25CAD=1USD. Indirect: 1CAD=100JPY. Direct: 1.25CAD=1USD. Indirect: 1CAD=0.80USD. Direct: 1CAD=100JPY. Indirect: 0.01CAD=1JPY. Direct: 1CAD=0.8USD. Indirect: 1.25CAD=1USD. Direct: 0.01CAD=1JPY. Indirect: 1CAD=100JPY.
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Financial accounting
Authors: Walter T. Harrison Jr., Charles T. Horngren, C. William Thom
9th edition
978-0132751216, 132751127, 132751216, 978-0132751124
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