ANSWER AND SHOW WORK 1 Suppose the dollar pound exchange rate in the spot market is $1 4941, while the dollar euro exchange rate is $0 9157 Calculate the cross rate for the euro pound exchange rate 0 6129 1 0 1 6316 None of the above 2 In which of the following financial institutions are customer deposits NOT insured by the FDIC Credit unions S Ls Savings banks Commercial banks

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Question: ANSWER AND SHOW WORK! 1. Suppose the dollar-pound exchange rate in the spot market is $1.4941, while the dollar-euro exchange rate is $0.9157. Calculate the

ANSWER AND SHOW WORK!

1. Suppose the dollar-pound exchange rate in the spot market is $1.4941, while the dollar-euro exchange rate is $0.9157. Calculate the cross rate for the euro-pound exchange rate.

		0.6129
		1.0
		1.6316
		None of the above

2.In which of the following financial institutions are customer deposits NOT insured by the FDIC?

		Credit unions
		S&Ls
		Savings banks
		Commercial banks

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