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Suppose the Spot Direct Quotes for the Pound Sterling and Euro

Question 4

Multiple Choice

Suppose the spot direct quotes for the pound sterling and euro are $1.3981?89 and $.1230?33,respectively.What is the direct quote for the pound in Paris?


A) €1.1339-73/£
B) €.8793-.8819/£
C) £.0808?12/€
D) £.0976?87/€

Correct Answer:

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