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A. The spot GBP:USD rate is being quoted by a dealer bank at 92/97. The figure is 1.60. What is the dealer's bid and what

A. The spot GBP:USD rate is being quoted by a dealer bank at 92/97. The figure is 1.60. What is the dealer's bid and what is the dealer's offer?

B. Dealer is quoting the 90 day forward rate for GBP:USD at 45/37. Based on the spot rates in A above, what is the dealer's "outright quote" for 90 day cable in terms of dollars.

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