Hi, does anyone have any tips on how to accurately calculate the currency when given the exchange rate for the equity section? I keep getting confused on whether to multiply the amount by the exchange rate or multiply it depending on whether it’s a direct quote or indirect quote. Example - see question # 10a chapter 36 In the book they write 425x0.9810 whereas I divided 425 by 0.9810. Thanks!
one way is to try and cancel out the units so that you are left with the currency you want. ex: if you are given 100EUR and want to get USD and are given $1.40/1EUR then you would do 100EUR * $1.40/1EUR = $140 (the EUR cancels). you would divide if you started in USD and wanted to end up with USD.
thank you Starbuk! 
This actually makes sense. Great tip!