Question: 3 points 1. If 1 Cyprus pound can be exchanged for $2.5 of U.S. currency, what fraction should be used to compute the indirect quotation

3 points 1. If 1 Cyprus pound can be exchanged for $$2.5 of U.S. currency, what fraction should be used to compute the$

3 points 1. If 1 Cyprus pound can be exchanged for $2.5 of U.S. currency, what fraction should be used to compute the indirect quotation of the exchange rate expressed in Cyprus pound? * A. 1/25 B. 1/2.5 C. 2.5/1 D. 1/1 E. None of the above 2. An indirect exchange rate quotation is one in which the exchange rate is 3 points quoted: A. In terms of how many units of the foreign currency can be converted into one unit of domestic currency. B. For the immediate delivery of currencies exchanged. C. In terms of how many units of the domestic currency can be converted into one unit of foreign currency. D. For the future delivery of currencies exchanged. E. None of the above

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