i nees help with question 20

Question 20 1 pts Which of the following statements is correct? The ask quote represents the rate at which the dealer will buy foreign currency, It is correct to say that if the value of the pound has fallen against the dollar, the goods and services priced in pounds are now cheaper to someone holding dollars. The spot rate is a rate agreed on today for an exchange to take place at a specified point in the future. All the answers are correct. When a U.S. bank in Chicago gives a quote of 0.5089/$, it is a direct quote