Question: (1) What is a direct quotation? What is the direct quote for euros? (2) What is an indirect quotation? What is the indirect quotation for

(1) What is a direct quotation? What is the direct quote for euros? (2) What is an indirect quotation? What is the indirect quotation for kronor (the plural of krona is kronor)? (3) 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? (4) What is a cross rate? Calculate the two cross rates between euros and kronor. (5) Assume Possum Inc. can produce a package of jerky and ship it to France for $1.75. If the firm wants a 50\% markup on the product, what should the jerky sell for in France? (6) 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? (7) What is exchange rate risk

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