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You Need to Buy USD 5,000,000 Against GBP and Are

Question 151

Multiple Choice

You need to buy USD 5,000,000 against GBP and are quoted the following rates concurrently by two separate banks: 1.6045-50 and 1.6047-52. At which rate do you trade?


A) 1.6045
B) 1.6047
C) 1.6050
D) 1.6052

Correct Answer:

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