1)(2 pts) Utah Bank's direct bid price for Euros is $1.095/1 Euro and its ask price is $1.116/ 1 Euro. What is the bid/ask percentage spread?

2)(2 pts) Compute the bid/ask percentage spread for the Mexican Peso retail transactions in which the indirect bid rate is 21.1MXN/$1 and the ask rate is 22.4MXN/$1.

3)(2 pts) If the direct exchange rate of the euro is worth $1.112, what is the indirect rate of the euro? That is, what is the value of a dollar in euros?

4)(2 pts) If the indirect exchange rate between the US dollar (USD) and the Japanese Yen (JPY) is 105.25 (there are 105.25 JPY/1US$), what is the direct exchange rate between the JPY and the USD? That is, what is the value of a Yen in dollars?