3. The following are quotes on August 19, 2016, for four currencies with the quote in terms of units per U.S. dollar. Co

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3 The Following Are Quotes On August 19 2016 For Four Currencies With The Quote In Terms Of Units Per U S Dollar Co 1 (62.61 KiB) Viewed 83 times

3. The following are quotes on August 19, 2016, for four currencies with the quote in terms of units per U.S. dollar. Complete the values in the last column. Currency Unit Units per U.S. Dollar U.S. Dollars per Unit MYR (Malaysian ringgit) 4.0154996681 ? JPY (Japanese yen) 100.2160000000 ? CNY (Chinese yuan renminbi) 6.6507000000 ? NZD (New Zealand dollar) 1.3743059755 ? 4. The following spot FX rates were reported on October 25, 2013. Japanese Yen British Pound Australian Dollar U.S. dollar 0.010267 1.616500 0.957900 Note: The exchange rates indicate the number of U.S. dollars necessary to purchase one unit of the foreign currency. a. From the perspective of a U.S. investor, are the preceding FX rates direct or indirect quotations? b. How much of each of the foreign currencies is needed to buy one U.S. dollar?