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mid EUR/USD GBP/EUR bid 1,0992 1,1152 ask 1,0996 1,1146 8. Cross rates Please refer to Table 1 of the datafile. Starting with 1500 EUR, if

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mid EUR/USD GBP/EUR bid 1,0992 1,1152 ask 1,0996 1,1146 8. Cross rates Please refer to Table 1 of the datafile. Starting with 1500 EUR, if you exchange it to USD, then GBP and finally back to EUR, how much will you have left? (Note: you should use bid and ask rates for this exercise) a) 1500 b) 1240.69 c) 1499.06 d) 1498.25

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