Question: Based on the following information answer the questions? (5 Marks) Quoted Bid Price Quoted Ask Price Value of US $ in Japanese Yen JY .80

Based on the following information answer the questions? (5 Marks)

Quoted Bid Price

Quoted Ask Price

Value of US $ in Japanese Yen

JY .80

JY.81

Value of Dirham in US $

$.300

$.301
  1. Is these quotations are direct or indirect?

  1. Find the value of the Japanese Yen in Dirham ? What is this quotation called?

  1. If you have 8000$ how much this amount equal in Dirham ?

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