Multiple Choice
the direct price of the dollar is DKK5 in Copenhagen and transaction costs are .5%, then the minimum?maximum direct quotes for the Danish krone in New York are
A) 4.9750?5.0250
B) 4.9500?5.0500
C) .1980?.2020
D) .1990?.2010
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q8: Suppose it is 1990 and the spot
Q10: _ between a bank and a customer
Q11: Suppose the spot rate and forward rate
Q12: December 3,2001, spot Japanese yen were sold
Q13: Suppose the spot direct quotes for the
Q14: Suppose the pound sterling is selling for
Q16: Suppose the following direct quotes are received
Q17: Suppose the direct quote for sterling in
Q18: Suppose the spot direct quotes for the
Q20: is 1985 and suppose the 90?day forward