Bank Quotations British pounds Euros American Terms Ask 0.7475 2.0.7479 3.1.3371 4,1.3378 Bid $1.9712 $1.4738 $1.9717 $1.4742 At what cross-rate would a bank/forex dealer sell euros to his clients? European Terms Bid Ask £0.5073 €0.6785 £0.5072 €0.6783

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Question
American Terms
Bid
Bank Quotations
Ask
British pounds
$1.9717
Euros
$1.4742
At what cross-rate would a bank/forex dealer sell euros to his clients?
1.
0.7475
20.7479
3.1.3371
1.3378
4,
$1.9712
$1.4738
European Terms
Bid
Ask
£0.5073
€0.6785
£0.5072
€0.6783
Transcribed Image Text:American Terms Bid Bank Quotations Ask British pounds $1.9717 Euros $1.4742 At what cross-rate would a bank/forex dealer sell euros to his clients? 1. 0.7475 20.7479 3.1.3371 1.3378 4, $1.9712 $1.4738 European Terms Bid Ask £0.5073 €0.6785 £0.5072 €0.6783
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