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We have been given a quote of GBP/USD 1.9717 - 1.9720. Please determine the exchange rate of USD/GBP. We have been given a quote

We have been given a quote of GBP/USD 1.9717 - 1.9720. Please determine the exchange rate of USD/GBP. We have been given a quote of EUR/USD 1.4740 - 1.4745. Please determine the exchange rate of USD/EUR. Bid/ask spread Briefly explain factors that affect bid/ask spread. Cross exchange rate GBP/USD EUR/USD Bid 1.9712 1.4738 Ask 1.9717 1.4742 a. Using the table above, what is the bid price of pounds in terms of euro? b. Using the table above, what is the ask price of pounds in terms of euro? c. Using the table above, what is the bid price of euro in terms of pounds? d. Using the table above, what is the ask price of euro in terms of pounds?

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