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A Currency Trader Observes the Following Quotes in the Spot

Question 38

Multiple Choice

A currency trader observes the following quotes in the spot market: 1 U.S. dollar =10.875 Mexican pesos 1 British pound =7.500 Danish krone 1 British pound =1.65 U.S. dollars \begin{array} { l l l } 1 \text { U.S. dollar } = & 10.875 & \text { Mexican pesos } \\1 \text { British pound } = & 7.500 & \text { Danish krone } \\1 \text { British pound } = & 1.65 & \text { U.S. dollars }\end{array}
Given this information,how many Mexican pesos can be purchased for 1 Danish krone?


A) 2.3446
B) 2.0097
C) 2.9188
D) 2.0815
E) 2.3925

Correct Answer:

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