Question: Since we are in the U.S. and using U.S. Dollar, we need to know the foreign exchange rate between U.S. Dollar and Euro. Please find

Since we are in the U.S. and using U.S. Dollar, we need to know the foreign exchange rate between U.S. Dollar and Euro. Please find the rate at the time when you are taking this exam.

Note: the rate may change all the time, just take the rate you see at first.

1. What is the rate in the form of direct quote (5 points)

2. What is the rate in the form of indirect quote (5 points)

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