Question
Consider the following quotes: Currency Bid Rate Offer Rate EUR/USD 1.2310 1.2313 GBP/USD 1.7945 1.7949 USD/JPY 110.73 110.83 USD/CHF 1.2810 1.2815 USD/CAD 1.1514 1.1517 USD/BRL
Consider the following quotes:
| Currency | Bid Rate | Offer Rate |
| EUR/USD | 1.2310 | 1.2313 |
| GBP/USD | 1.7945 | 1.7949 |
| USD/JPY | 110.73 | 110.83 |
| USD/CHF | 1.2810 | 1.2815 |
| USD/CAD | 1.1514 | 1.1517 |
| USD/BRL | 2.1780 | 2.2345 |
a. Based on the quotes given above, you buy Euro 1,000,000 and pay $_________________.
b. Review quotes above. You have GBP and you buy USD. How much GBP do you pay for USD 1,000,000?
c. You have USD and you buy CHF. How much CHF do you get per USD?
d. You have CAD and you buy USD. How much CAD do you pay per USD?
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Your Financial Future How To Take Control Of Your Financial Future
Authors: Deloris Lutke
1st Edition
979-8388730831
