1. Using the table shown above, what is the spot cross-exchange rate between pounds and euro?

1. 1.00 = 0.75
2. 1.33 = 1.00
3. 1.00 = 0.75
4. none of the above

Country Britain (Pound) 62,500 1 Month Forward 3 Months Forward 6 Months Forward 12 Months Forward Euro 62,500 1 Month Forward 3 Months Forward 6 Months Forward 12 Months Forward U.S. $ equiv. Tuesday Monday 1.6000 1.6100 1.6100 1.6300 1.6300 1.6600 1.6600 1.7200 1.7200 1.8000 1.2000 1.2000 1.2100 1.2100 1.2300 1.2300 1.2600 1.2600 1.2900 1.3200 Currency per U.S. $ Tuesday Monday 0.625 0.6211 0.6211 0.6173 0.6173 0.6024 0.6024 0.5814 0.5814 0.5556 0.833333 0.833333 0.82645 0.82645 0.813008 0.813008 0.793651 0.793651 0.775194 0.7575758