Suppose that the one-year interest rate is 5.0 percent in the United 5 tates. The spot exchange rate is $1.20/C, and the one-year forward exchange rate is $1.16/C. What must the one-year interest rate be in the euro zone to avoid arbitrage opportunities? It is common practice among currency traders worldwide to both price and trade currencies against the U.S. dotlar, Consider a currency dealer who makes a market in 5 currencies against the dollat. If he were to supply quotes for each currency in terms of all of the others, how many quotes (including both indirect and direct quotes) would he have to provide