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Spot Cable Is Quoted at 1

Question 168

Multiple Choice

Spot cable is quoted at 1.6048-53 in the brokers and you quote a customer 1.6050-55 in USD 3 million. If they sell USD to you, how much GBP will you be short of?


A) 4,816,500.00
B) 1,868,809.57
C) 1,868,576.77
D) 4,815,900.00

Correct Answer:

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