Convert Each of the Following Indirect Quotes to Dollar Direct

question 11

Multiple Choice

Convert each of the following indirect quotes to dollar direct quotes:
$1 = 118.115 Yen
$1 = 0.9203 Euro
$1 = 1.0052 Swiss franc
$1 equals:

• A) 0.0085 Yen; 1.0866 Euro; 0.9948 franc
• B) 0.8500 Yen; 1.0866 Euro; 0.9948 franc
• C) 1.1812 Yen; 0.9203 Euro; 1.0052 franc
• D) 1.1812 Yen; 1.0866 Euro; 0.9948 franc

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Definitions:

Independent Agencies

Bodies established by the government that operate independently from the executive branch to regulate or oversee specific activities.

Administrative Law Judge

An official who presides over federal administrative hearings, making decisions on disputes between government agencies and those affected by agency actions.

Federal Trade Commission

An independent agency of the United States government aimed at promoting consumer protection and eliminating and preventing anticompetitive business practices.

Freedom of Information Act

A U.S. law that gives the public the right to request access to records from any federal agency with the aim of ensuring transparency in government.