Question: (a)If on one day the indirect quote between mark and dollar was M2.10 per $1.00, and on the next day the dollar appreciated by 6

(a)If on one day the indirect quote between mark and dollar was M2.10 per $1.00, and on the next day the dollar appreciated by 6 percent, what would be the new indirect quote rate?

(b)If the Swiss franc was quoted as $0.29 (direct quote) yesterday and the dollar appreciated by 7 percent today, what would be the new direct quote rate for the Swiss franc?

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