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Visit any website that provides quotations for various exchange rates and select any currency pair...

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Finance

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:

  1. Designate one currency as the foreign currency and the other the domestic currency.
  2. What are the direct and indirect exchange rates?
  3. Based on your answers to question b, determine the number of units of the domestic currency per foreign currency.
  4. What is the value of one unit of the domestic currency in terms of foreign currency?
  5. 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.
  6. Similarly, how much units of home currency would be needed to buy 200,000 units of foreign currency

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