our firm is based in the UK, just received USD 825,000 from a customer in the U.S., and wants to convert the USD to GBP.  The bank is quoting a spot rate of GBP/USD 1.2283 - 1.2425.  How much will you receive in British pounds (GBP)?   A. GBP 1,013,348   B. GBP 663,984   C. GBP 671,660   D. GBP 1,025,063

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