Suppose the direct quote for sterling in New York is $1.3110‑5. Then the direct quote for dollars in London is:

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

you have to put the parentheses like this:

in fact, you have to perform the operation inside parentheses first, and then proceed in order:

answer; property tax payment made in july and december;