What is the direct quote for euros

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Reference no: EM131177475

Consider the following illustrative exchange rates. U. S. Dollars required to buy one unit of foreign currency Euro 1.2500 Swedish krona 0.1481 i. What is a direct quotation? What is the direct quote for euros? ii. What is an indirect quotation? What is the indirect quotation for kronor (the plural of krona is kronor). iii. The euro and British pound usually are quoted as direct quotes. Most other currencies are quoted as indirect quotes. How would you calculate the indirect quote for a euro? How would you calculate the direct quote for a krona? iv. What is a cross rate? Calculate the two cross rates between euros and kronor.

Reference no: EM131177475

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