A Currency Trader Observes the Following Quotes in the Spot

question 11

Multiple Choice

A currency trader observes the following quotes in the spot market:
1 U) S. dollar = 10.875 Mexican pesos
1 British pound = 6.205 Danish krone
1 British pound = 1.65 U.S. dollars
Given this information, how many Mexican pesos can be purchased for 1 Danish krone?

• A) 2.7490
• B) 2.8195
• C) 2.8918
• D) 2.9641
• E) 3.0382

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Definitions:

Developmentally Supportive

Practices or environments that promote and enhance an individual's developmental progress and well-being according to their age and abilities.

Conflict

A serious disagreement or argument, typically a prolonged one, which can occur between individuals, groups, or within an individual.

Decline

A gradual decrease in quality, quantity, health, or strength of something or someone.

Late Adolescence

The final phase of adolescence, typically occurring from ages 15 to 18, marked by significant psychological and physical development.