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

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 for Chinese yuan priced in euro   Select one  a  0 1000 CNY b  0 1056 CNY c  0 1071 CNY d  0 0986 CNY

Accepted Answer

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Country	USD equivalent
Country	Bid	Ask
CNY	0.12	0.14
EUR	1.40	1.42

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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