Help Center ? Consider two foreign exchange quotations between U.S. dollar (USD) and Japanese yen (JPY): USD 0.0125/JPY and JPY 80/USD. 1) Which one is American term? 2) Which one is indirect quotation in the United States? 3) Which one direct quotation in Japan? 4) Which one is the price of USD in JPY? Selected Answer: 1. JPY 80/USD 2 USD 0.0125/JPY 3. USD 0.0125/JPY 4. USD 0.0125/JPY Response Feedback: [None Given) Question 5 12 out of 20 points At the Moscow airport in Russia, there are two quotations between Russian Ruble (RUB) and U.S. dollar (USD): RUB 31/USD and RUB 32/USD. 1) Tom has just arrived at the Moscow airport. He wants to convert USD 200 into RUB. a) From Tom's viewpoint, which rate is relevant? b) is it Ask or Bid quotation from Tom's view point? C) Calculate the RUB amount Tom would get. 2) Judy is about to leave Russia. She wants convert RUB 5,000 into USD. a) From Judy's viewpoint, which rate is relevant? b) Is it Ask or Bid quotation from Judy's view point? c) Calculate the USD amount judy would get. Selected Answer: 1) a) RUB 31/USD b) No c) 200 *RUB 31/USD - 6200 RUB 2) a) RUB 32/USD b) No c) 5000/ RUB 32/USD= 156.25 USD Response Feedback: Amount in any currency: (Currency amount) Ex: MXN5.280.365 Wrong: MXN5280365: 5,280.365MXN: 5.280,365 Exchange Rate: (Code amounty Code) Ex: CNY7.10084/USD Wrong CNY7.10084/USD1: CNYZ.10084/105D; CNY7.10084-USD1