How would a New York branch of the European bank in question 21 post the bid and ask quotations respectively? Answers: 0.7554/5 and 0.7860/$ 0.7860/5 and 0.7554/5 $1.3238/ and 51.2723) e 51.2723) and 51.3238 None of the above. A European bank cannot sell euros in New York iestion 21 A European bank quotes the following rates: Bid Ask e 0.7554/5 0.7860/5 If an MNC needs to exchange $16 million it has, how many euros would it receive (rounded to the nearest dollar)? Answers: 12,086,400 12.576,000 21.180,832 20.356,234