Multiple Choice
If you buy GBP 2,000,000 against USD at 1.6020; GBP 1,000,000 at 1.6035 and GBP 3,000,000 at 1.6028, what is the average rate of your position?
A) 1.6035
B) 1.6027
C) 1.6030
D) 1.6023
Correct Answer:
Verified
Correct Answer:
Verified
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