Suppose a quote for British pound ($ ) in New York is $1 5350 60 a What is the implied quote for dollar ( $) in New York How much will it cost to buy 500,000 How much will you get if sell 500,000

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Suppose a quote for British pound ($/) in New York is $1.5350-60. a. What is the implied quote for dollar (/$) in New York? How

Suppose a quote for British pound ($/) in New York is $1.5350-60.

a. What is the implied quote for dollar (/$) in New York?

How much will it cost to buy 500,000?
How much will you get if sell 500,000?

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