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{"ops":[{"insert":"A forex trader from Mumbai collects the below information regarding the exchange rate between INR and USD: \nBid Price: INR / USD = 74.2400 \nAsk Price: INR / USD = 74.2500 \n\nYou are required to help him with the below questions he has: \n(a) What is the direct exchange rate of INR-USD for the trader? \n(b) What is the indirect exchange rate of INR-USD for the trader? \n(c) What is a cross rate? If the bid and ask rate for USD-EUR are available as USD 1.16776-1.16782/EUR, what would be the bid-ask rates for INR/EUR, using the cross rate method\n"}]}
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