If the Direct Quote for a U

question 6

Multiple Choice

If the direct quote for a U.S. investor for British pounds is $1.43/£, then the indirect quote for the U.S. investor would be ________ and the direct quote for the British investor would be ________.

• A) £0.699/$; £0.699/$
• B) $0.699/£; £0.699/$
• C) £1.43/£; £0.699/$
• D) £0.699/$; $1.43/£

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Definitions:

Liability

Legal responsibility for one's actions or for a particular outcome, often involving financial restitution.

Safe Deposit Box

A secure container, usually located within a bank vault, used for the safekeeping of valuables.

Heirs

Individuals or entities designated to receive assets upon another's death under the terms of a will or according to the laws of inheritance.

Pearl Necklace

A piece of jewelry consisting of a strand or strands of pearls.