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What are the direct and indirect exchange rates

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Reference no: EM133116812

Visit any website that provides quotations for various exchange rates and select any currency pair except those involving the Jamaican dollar. Use the information to answer the following questions:

-Designate one currency as the foreign currency and the other the domestic currency.

-What are the direct and indirect exchange rates?

-Based on your answers to question b, determine the number of units of the domestic currency per foreign currency.

-What is the value of one unit of the domestic currency in terms of foreign currency?

-Based on your answers to question b, how much units of foreign currency would be needed to pay for 400,000 units of home currency.

-Similarly, how much units of home currency would be needed to buy 200,000 units of foreign currency

Reference no: EM133116812

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