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2. Please answer with care and attention to allquestions. Explain as much as you can to help me understand. ThankyouQUESTION 13The primary participants in foreign exchange markets areindividual householdssmall firmslarge corporationssmall governments6.6667 points   QUESTION 14Floating exchange rate regimes typically have less exchange raterisk than fixed exchange rate regimes.TrueFalse6.6667 points   QUESTION 15You observed the following quotes between Canadian dollars (C$),euros (€) and Swiss francs (CHF) on 3/1/XX:C$1=€.90, C$.70/CHFOn 3/2/XX, quotes for each currency were as follows: C$1.15=€1,C$.75/CHFYou converted 600,000 Swiss francs into euros on 3/1. On 3/2 youconverted your euros back to Swiss francs. How many francs wouldyou have on 3/2? Round intermediate steps to four decimals.715,555.56665357.14246,521.74579,587.4