Question
Consider the following table: Table 1 FX rates Country USD equivalent Bid Ask CNY 0.12 0.14 EUR 1.40 1.42 What is the ASK cross-exchange rate
Consider the following table:
Table 1 FX rates
| Country | USD equivalent | |
| Bid | Ask | |
| CNY | 0.12 | 0.14 |
| EUR | 1.40 | 1.42 |
What is the ASK cross-exchange rate for Chinese yuan priced in euro?
Select one:
a.
0.1000/CNY
b.
0.1056/CNY
c.
0.1071/CNY
d.
0.0986/CNY
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Credit Spreads Beginners Guide To Low Risk Secure Easy To Manage Consistent Profits For Long Term Wealth Creation
Authors: Casey Boon
1st Edition
1974677419, 978-1974677412
