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According to the table below, what is the direct quote of the spot dollarpound exchange rate, from the U.S. perspective? Country U.S. $ equiv. Currency
According to the table below, what is the direct quote of the spot dollarpound exchange rate, from the U.S. perspective?
| Country | U.S. $ equiv. | Currency per U.S. $ |
| Tuesday | Tuesday | |
| Britain (Pound) 62,500 | 1.6000 | 0.6250 |
| 1 Month Forward | 1.6100 | 0.6211 |
| 3 Months Forward | 1.6300 | 0.6173 |
| 6 Months Forward | 1.6600 | 0.6024 |
| 12 Months Forward | 1.7200 | 0.5814 |
a. 1.00 = $1.60
b. 1.00 = $1.66
c. $1.00 = 0.6211
d. $1.00 = 0.6250
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Introduction To Finance
Authors: Lawrence J Gitman, Jeff Madura
1st Edition
0201635372, 9780201635379
