19,

Suppose JP Morgan quotes spot rates of 0.84911-14/$, and 180-day forward rates of 0.84932-39/$. What are the spot ask rate and the 180-day forward ask rate for dollar that Citibank is quoting, respectively?

a. 0.84932 and 0.84939

b. 0.84911 and 0.84932

c. 0.84911 and 0.84914

d. 0.84914 and 0.84939

20, You are interested in buying 2,000 from a bank. Your bank today quotes 0.75101/$Bid and 0.75599/$Ask. What would you pay in dollars at the current spot rate?

Group of answer choices

a. $1,502.02

b. $1,511.98

c. $2,645.54

d. $2,663.08