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Bank Quotations American Terms European Terms Bid Ask Bid Ask British pounds $1.9712 $1.9717 0.5072 0.5073 Euros $1.4738 $1.4742 0.6783 0.6785 Using the table above,
| Bank Quotations | American Terms | European Terms | ||
|---|---|---|---|---|
| Bid | Ask | Bid | Ask | |
| British pounds | $1.9712 | $1.9717 | 0.5072 | 0.5073 |
| Euros | $1.4738 | $1.4742 | 0.6783 | 0.6785 |
Using the table above, what is the ask price of euro in terms of pounds?
Multiple Choice
1.3371/
1.3378/
0.7475/
0.7479/
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Financial Management Theory And Practice
Authors: Prasanna Chandra
7th Edition
0070656657, 978-0070656659
