Example $(2)$ Suppose you are a currency trader. You call your broker and ask the for a quote on the pounds relative to the US dollar. Your broker responds $"1\mathrm{.}5326-56"[$ Bid Price: $$\frac{1\mathrm{.}5326}{f}$

$A-$ Suppose you wish to purchase $1,000.$ How much will this cost in US$$?$

$B-$ Suppose you have $$1,000.$ How many pounds will you receive if you sell this amount?

C$-$ You wish to buy US dollars. You have $1,000.$ How many US dollars will you receive?