7. The data below represents exchange rates for the U.S. $ and the listed countries. *AUSTRALIA BRAZIL CANADA CHINA, PR DENMARK * EMU MEMBERS HONG KONG INDIA JAPAN MALAYSIA MEXICO *NEW ZEALAND NORWAY SINGAPORE SOUTH AFRICA SOUTH KOREA SRI LANKA SWEDEN SWITZERLAND TAIWAN THAILAND *UNITED KINGDOM VENEZUELA DOLLAR REAL DOLLAR YUAN KRONE EURO DOLLAR RUPEE YEN RINGGIT PESO DOLLAR KRONE DOLLAR RAND WON RUPEE KRONA FRANC DOLLAR BAHT POUND BOLIVAR 0.6886 4.061 1.3268 7.0754 6.7431 1.1074 7.8237 71 108.12 4.1649 19.3555 0.6384 8.9765 1.3727 14.53 1176.62 179.74 9.6095 0.9898 30.88 30.47 1.2462 21391 What is the $/British Pound exchange rate from the table? Is that a direct rate or an indirect rate? Explain. Determine either the direct or indirect exchange rate (the one that is not given) between the US $ and the British Pound. Use the above data table to compute the cross exchange rate between the South Korean Won and the Taiwan Dollar. For the countries marked with * the exchange rate is quoted as the number of dollars required to purchase the particular currency. All others are quoted as the number of units of the currency that may be purchased for $1.00. Are the exchange rates with the * direct or indirect exchange rates