Assignment:
Q1. The $/€ exchange rate is €1 = $1.45, and the €/SFr exchange rate is SFr 1 = €0.71. What is the SFr/$ exchange rate?
Q2. Suppose the direct quote for sterling in New York is 1.9110–5.
a. How much would £500, 000 cost in New York?
b. What is the direct quote for dollars in London?
Your answer must be, typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.