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Use the following table to answer questions 13-15. Pair of Currency $/Pound Euro/Pound Japanese Yen/$ Bid 1.40 1.30 100 Ask 1.45 1.40 110 Q13. Using
Use the following table to answer questions 13-15. Pair of Currency $/Pound Euro/Pound Japanese Yen/$ Bid 1.40 1.30 100 Ask 1.45 1.40 110 Q13. Using the bid column in the above table, the bid price for Euro/$ is approximately: a. Euro .928 b. Euro 1.076 c. Euro 0.965 d Euro 1.035 e. None of the above. My answer is Euro ......... Q14. If you want to sell 1 million pounds, you receive the following in terms of the $: a. $1,450,000 b. $1,400,000 c. More than $1,450,000 d. Less than $1,450,000 e. None of the above. My answer is $ Q15. The bid price of Japanese yen ($/Japanese yen) is: a. More than $1 b. 1/100 c. 1/110 d. The average of bid and ask prices e. None of the above. My answer is
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