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d) i. The following table shows foreign exchange quotations of a USA bank. USD American Terms quotations Pound Euros ii. iii. Bid 1.9712 1.4738 Ask
d) i. The following table shows foreign exchange quotations of a USA bank. USD American Terms quotations Pound Euros ii. iii. Bid 1.9712 1.4738 Ask 1.9717 1.4742 European Terms Bid 0.5072 0.6783 Ask 0.5073 0.6785 Differentiate American terms and European terms quotations. Provide example from the table to elaborate your answer. (4 marks) Indicate the dollar amount you have to pay if you want to buy one EUR from the USA bank. (3 marks) Complete the below table using appropriate bid quotation (in /$ or $/) of the USA bank
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