Convert the following indirect quotes to direct quotes, and direct quotes to indirect quotes:
Answer to relevant Questionsa. What is the geographical location? b. What are the two main types of trading systems for foreign exchange? c. How are foreign exchange markets connected for trading activities? The Venezuelan government officially floated the Venezuelan bolivar (Bs) in February of 2002. Within weeks, its value had moved from the pre-float fix of BS778/$ to Bs1025/$. a. Is this a devaluation or depreciation? b. By ...On your post-graduation celebratory trip you decide to travel from Munich, Germany to Moscow, Russia. You leave Munich with 15,000 euros in your wallet. Wanting to exchange all of these for Russian rubles, you obtain the ...Some forecasters believe that foreign exchange markets for the major floating currencies are “efficient” and forward exchange rates are unbiased predictors of future spot exchange rates. What is meant by “unbiased ...Explain the difference between foreign currency options and futures and when either might be most appropriately used.
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