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Q3: Answer the following: (6 Marks) Bank Quotations British pounds Euros American Terms Bid Ask $ 1.9714 $ 1.9719 $ 1.4740 $ 1.4745 European Terms

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Q3: Answer the following: (6 Marks) Bank Quotations British pounds Euros American Terms Bid Ask $ 1.9714 $ 1.9719 $ 1.4740 $ 1.4745 European Terms Bid Ask 0.5071 0.5072 0.6782 0.6784 A. Using the table above, what is the bid price of euro in terms of pounds (Bid cross rate of /)

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