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$1.5625 can be exchanged for 1 british pound, the direct and indirect exchange rate quotations are

Sagot :

GWYNETHZOEMOLINAGO GWYNETHZOEMOLINAGO

Answer:

The direct quote in this case is $1.5625/British Pound. COnverting it to indirect quote, the quote will be in British Pound/Dollar. Thus it will be 1/1.5625 = 0.64 Pounds/Dollar. 2. A U.S. firm purchases merchandise from a Canadian firm with payment due in 60 days and denominated in Canadian dollars.

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