Question: Please answer all (4) questions it is much appreciated! Q1: Assume that one Canadian Dollar equals 0.741 United States Dollar. a) If Canada is the

Please answer all (4) questions it is much appreciated!

Q1: Assume that one Canadian Dollar equals 0.741 United States Dollar. a) If Canada is the home country, what are direct and indirect quotations. b) If the US is the home country, what are direct and indirect quotations.

Q2: Today, one Canadian Dollar equals 0.741 United States Dollar. One United States Dollar equals 0.934 Euro. if Canada is the home country, what are direct and indirect cross exchange rates between Canada and Europe?

Q3: The bid and ask (exchange) rates for British pound and USD are $1.53 and $1.61. Calculate the following three spreads. a) spread, b) relative spread (spread a) divided by the average),and c) relative spread (spread a) divided by the ask rate)

Q4: Today, 1 Japanese Yes equals $0.009569103 (USD). Or $1 (USD) = 104.503. Since an American dollar could exchange more Japanese Yen, it means that USD is more expensive. True or False. Explain.

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