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    Multinational Financial Management Study Set 1
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    Exam 7: The Foreign Exchange Market
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    Suppose the Direct Quote for Sterling in New York Is
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Suppose the Direct Quote for Sterling in New York Is

Question 23

Question 23

Multiple Choice

Suppose the direct quote for sterling in New York is $1.3110-5.Then the direct quote for dollars in London is:


A) .7110-5
B) 2.6220-30
C) .7625-8
D) 1.3110-5

Correct Answer:

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