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An exporter has just completed transaction in US and Italy wants to convert to Eritish pound. The holdings are $250,000 and 500,000. The currency dealer

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An exporter has just completed transaction in US and Italy wants to convert to Eritish pound. The holdings are $250,000 and 500,000. The currency dealer provides the following quotes: GBP/USD 0.5025-76 USD/EUR 1.373950 What are the resulting proceeds from conversion? E 475,875 475,596 470,817 E 471, 094 None of the other answers

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