Multiple Choice
If 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
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