Use Table 22.1 to answer the following questions. Direct quotes (number of U.S. dollars per unit of

Question:

Use Table 22.1 to answer the following questions.

Direct quotes (number of U.S. dollars per unit of foreign currency). Other quotes are indirect (units of foreign currency per U.S. dollar).
a. How many euros can you buy for $100? How many dollars can you buy for 100 euros?
b. How many Swiss francs can you buy for $100? How many dollars can you buy for 100 Swiss francs?
c. If the British pound depreciates with respect to the dollar, will the exchange rate quoted in Table 22.1 increase or decrease?
d. Is a United States or a Canadian dollar worth more?
Dollar available for exchange...............$100.00
Euros available for exchange .............. â‚¬ 100.00
Swiss francs available for exchange....SFr. 100.00