Question
Suppose the spot direct quotes for the pound sterling and the euro are $1.3981-89 and $0.1230-33, respectively. What is the direct quote for the pound
Suppose the spot direct quotes for the pound sterling and the euro are $1.3981-89 and $0.1230-33, respectively. What is the direct quote for the pound in France?
a) 1.1339-73/
b) 0.8793-0.8819/
c) 0.0808-12/
d) 0.0976-87/
Please explain working. Answer is A
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