Pair of Currency	Bid	Ask
$/Pound	1.40	1.45
Euro/Pound	1.30	1.40
Japanese Yen/$	100	110

Q13. Using the bid column in the above table, the bid price for Euro/$ is approximately:

a. Euro .928

b. Euro 1.076

c. Euro 0.965

d Euro 1.035

e. None of the above. My answer is Euro

Q14. If you want to sell 1 million pounds, you receive the following in terms of the $:

a. $1,450,000

b. $1,400,000

c. More than $1,450,000

d. Less than $1,450,000

e. None of the above. My answer is $ .

Q15. The bid price of Japanese yen ($/Japanese yen) is:

a. More than $1

b. 1/100

c. 1/110

d. The average of bid and ask prices

e. None of the above. My answer is

Please use the table to answer