Table 111 Gives the Exchange Rate Quotations for the U

Multiple Choice

Table 11.1 gives the exchange rate quotations for the U.S.dollar and the British pound.
Table 11.1.Foreign Exchange Quotations

-Consider Table 11.1.Concerning the Tuesday quotations: compared to the cost of buying 100 pounds on the spot market,if 100 pounds were bought for future delivery in 180 days the dollar cost of the pounds would be:

A) $3.40 higher
B) $3.40 lower
C) $6.80 higher
D) $6.80 lower