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On your first day at work, your boss tells you to call the bank and get the bid and the ask for British pounds. Having
On your first day at work, your boss tells you to call the bank and get the bid and the ask for British pounds. Having just returned from studying in London, you know that the exchange rate should be somewhere around 1.25. You call the number and the lady says "579 and 585." What does that mean?
A. | The bid is 0.579 and the ask is 0.585. | |
B. | She didn't understand your question. | |
C. | The bid is 1.2579 and the ask is 1.2585. | |
D. | The ask is 0.579 and the bid is 0.585 |
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