Multiple Choice
For a currency swap with $10 million notional principal,the notional principal in British pounds if the exchange rate is $1.55 is (approximately)
A) ₤11.55 million
B) ₤15.5 million
C) ₤10 million
D) ₤6.45 million
E) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
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