Use the table below to answer the following questions (use 4 decimal points).

	US$
Bank Quotations	Bid	Ask
British pounds	$1.9712/	$1.9717/
Euros	$1.4738/	$1.4742/

1. Are the above bid/ask price quotes (direct or indirect) quotes in U.S.?

2. Please find Bid-Ask spread for $/. To earn credits, you must show all your work

3. Please find Bid-Ask spread for $/. To earn credits, you must show all your work

4. You have $500,000. And, you want to exchange $500,000 for . How much will you have in ? To earn credits, you must show all your work

5. You want to buy 500,000. How much will you spend in $? To earn credits, you must show all your work

6. You have $500,000. And, you want to exchange $500,000 for . How much will you have in ? To earn credits, you must show all your work

7. You want to buy 500,000. How much will you spend in $? To earn credits, you must show all your work

8. What are the bid price quotes for the value of pound in terms of euro? To earn credits, you must show all your work

9. What are the ask price quotes for the value of pound in terms of euro? To earn credits, you must show all your work

10. Please find Bid-Ask spread for /. To earn credits, you must show all your work

11. What are the bid price quotes for the value of euro in terms of pounds? To earn credits, you must show all your work

12. What are the ask price quotes for the value of euro in terms of pounds? To earn credits, you must show all your work

13. Please find Bid-Ask spread for /. To earn credits, you must show all your work

14. You have 500,000. And, you want to exchange 500,000 for . How much will you have in ? To earn credits, you must show all your work

15. You have 500,000. And, you want to exchange 500,000 for . How much will you have in ? To earn credits, you must show all your work