-A forex dealer quotes a price of $1.340 – $1.345 = £1. In this quote, the higher price denotes which one of the following? O a. The higher rate 1.345 is the rate at which the dealer will buy £ O b. The higher rate 1.345 is the rate at which the dealer will buy and sell $ O c. The higher rate 1.345 is the rate at which the dealer will sell £ O d. None of the options
-A forex dealer quotes a price of $1.340 – $1.345 = £1. In this quote, the higher price denotes which one of the following? O a. The higher rate 1.345 is the rate at which the dealer will buy £ O b. The higher rate 1.345 is the rate at which the dealer will buy and sell $ O c. The higher rate 1.345 is the rate at which the dealer will sell £ O d. None of the options
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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43-A forex dealer quotes a price of $1.340 – $1.345 = £1. In this quote, the higher price denotes which one of the following?
O a. The higher rate 1.345 is the rate at which the dealer will buy £ O b. The higher rate 1.345 is the rate at which the dealer will buy and sell $
O c. The higher rate 1.345 is the rate at which the dealer will sell £
O d. None of the options
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