you are a US Based wine dealer who has business with both mexican and british markets. to complete the trade you get the quotes about the exchange rwtes from your bank:

us dollar$/$pound: ask $=1\mathrm{.}27,$ bid$=1\mathrm{.}25$

mexican dollar$/$us dollar: ask $16\mathrm{.}2,$ bid $=16$

a$)$ from your perspective, is the quote of us dollar versus mexican dollar a direct or indirect quote?

b$)$ given the above quotes, suppose uou need to pay $2000000$ mexican dollars to the mexican agent, how many us dollars do you need to convert into mexican dollars?

c$)$ suppose your net income from the uk is $1000000$ pounds, and your net income from mexico is $90,000,0000$ mexican dollars. if you convert those net incomes into dollars, what are your proceeds from conversion?