Testion 8 Q8. The following rates are given for the British pound and the Euro in terms of USD. US Bank quotes European Bid European Ask American Bid ($) 1.8550 1.1250 American Ask ($) 1.8555 1.1255 (pound) (euro) /E (2 marks) A. Calculate the bid and ask cross rates of /. (6 marks) B. Calculate the European bid and ask price for /$ /$ / MIL TIL 3 (12pt) T Arial