Question: Please show work! 1. Suppose that the current exchange rate is $1.2048/. The indirect quote in the U.S.is a. 1.2048/$ b. $0.83/ c. 0.83/$ d.

Please show work! Please show work! 1. Suppose that the current exchange rate is $1.2048/.

1. Suppose that the current exchange rate is $1.2048/. The indirect quote in the U.S.is a. 1.2048/$ b. $0.83/ c. 0.83/$ d. None of the above 2. The percent spread is 4.5%. The quote (ask price) for euro is $0.83/. What is the quote (bid price) for euro? a. $0.7927/ b. $0.7943/ c. 0.7927/$ d. 0.7943/$

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