Answer:
0.7625-80
Explanation:
The computation of the direct quote for dollars in London is shown below:
Direct quote is
= 1 ÷ direct quote in new york
where,
direct quote in new york is 1.3115
Now place these values to the above formula
So, the direct quote is
= 1 ÷ 1.3115
= 0.7625-80
Hence, the direct quote for London in dollars is 0.7625-80
We simply applied the above formula
