View the step-by-step solution to:

"Look in the paper or online and give the direct and indirect quotes for the Euro, the Japanese Yen, the British pound, the Swiss Franc, and the Hong...

"Look in the paper or online and give the direct and indirect quotes for the Euro, the Japanese Yen, the British pound, the Swiss Franc, and the Hong Kong Dollar."

This problem is fairly strightforward as one must just look in the business section of the
NY Times or Wall Street Journal and find the direct and indirect quotes. But be careful to
remember that the former is US\$ per unit of foreign currency and the latter is the reverse."

SOLUTION:
Direct Quote for Euro:1 USD = Euro 1.3216
Indirect Quote for Euro:1 Euro = USD 0.7568
Direct Quote for Yen:1 USD = Yen 0.0125
Indirect Quote for Yen:1 Yen = USD 80
Direct Quote for...

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