Question
Questions 17-20 American Terms European Terms Bank Quotations Bid Ask Bid Ask British pounds $1.9623 $1.9626 0.5072 0.5073 Euros $1.4712 $1.4715 0.6783 0.6785 Using the
| Questions 17-20 | American Terms |
| European Terms |
|
| Bank Quotations | Bid | Ask | Bid | Ask |
| British pounds | $1.9623 | $1.9626 | 0.5072 | 0.5073 |
| Euros | $1.4712 | $1.4715 | 0.6783 | 0.6785 |
Using the table above, what is the bid price of euro in terms of pounds?
| 1. | 0.7509/ | |
| 2. | 0.7569/ | |
| 3. | 0.7559/ | |
| 4. | 0.7589/ | |
| 5. | 0.7599/ |
I think the answer is 1 (.7509)
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Managerial Accounting For Clarion University Of Pennsylvania
Authors: Ray H. Garrison
14th Edition
0077577515, 978-0077577513
