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What is a direct quotation? What is the direct quote for euros?

What is an indirect quotation? What is the indirect quotation for kronor $($the

plural of krona is kronor$)?$

The euro and British pound usually are quoted as direct quotes. Most other

currencies are quoted as indirect quotes. How would you calculate the

indirect quote for a euro? How would you calculate the direct quote for a

krona?

What is a cross rate? Calculate the two cross rates between euros and

kronor.

Assume Possum Inc. can produce a package of jerky and ship it to France for

$$1\mathrm{.}75.$ If the firm wants a $50\%$ markup on the product, what should the jerky

sell for in France?

Now assume that Possum Inc. begins producing the same package of jerky in

France. The product costs $2$ euros to produce and ship to Sweden, where it

can be sold for $20$ kronor. What is the dollar profit on the sale?

What is exchange rate risk?