【正确答案】There are typically no reserve requirements, interest rate regulations or caps, withholding taxes, deposit insurance requirements, or regulations influencing credit allocation decisions. There are also less stringent disclosure requirements. a. The bid rate is less than the offer rate, so Citicorp is quoting the currency in the denominator. Citicorp is buying dollars at the DKr5.62/$ bid rate and selling dollars at the DKr5.87/$ offer rate. b. In American terms, the bid price is $0.1704/DKr and the ask price is $0.1779/DKr. Citicorp is buying and selling the kroner at these quotes. c. In direct terms, the bid quote for the dollar is $0.1779/DKr and the ask price is $0.1704/DKr.