The following are quotes from a currency dealer in the New York currency market

Using the quotes provided above, answer the following question. (Phrase your explanation in parts b and d: as If you sell one (specify the currency) to the dealer, you will receive (specify the number of units and the currency) or If you buy one (specify the currency) from the dealer, you will pay (specify the number of units and the currency).)

1. Using the quotes provided above, how many US dollars a customer would receive from this dealer in exchange for one million

a. British pounds?

b. Brazilian real?

c. Swiss francs?

d. Australian dollars?

(In these transactions, the customer is selling foreign currency and buying US dollars.)

2. Using the quotes provide above, how many US dollars would it cost to purchase one million

a. euros?

b. Australian dollars?

c. Mexican pesos?

d. Japanese yen?

(In these transactions, the customer is buying foreign currency, paying US dollars.)

3 Using the quotes provided above, how many units of the foreign currency indicated would it take to purchase one million US dollars

a. New Zealand dollars

b. South Africa rand

c. British pounds

d. Thai baht

(In these transactions, the customer is buying US$, paying foreign currency.)

Currency Spot quot