Question
According to the table below, what is the direct quote of the spot dollar- pound exchange rate, from the U.S. perspective? Country Britain (Pound) 62,500
According to the table below, what is the direct quote of the spot dollar- pound exchange rate, from the U.S. perspective?
Country
Britain (Pound) 62,500 1 Month Forward 3 Months Forward 6 Months Forward
12 Months Forward
-
1.00 = $1.60
-
1.00 = $1.66
-
$1.00 = 0.6211
-
$1.00 = 0.6250
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Introduction To Finance
Authors: Lawrence J Gitman, Jeff Madura
1st Edition
0201635372, 9780201635379
