A Currency Trader Observes the Following Quotes in the Spot

question 43

Multiple Choice

A currency trader observes the following quotes in the spot market: 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:

Internal

Pertaining to or situated within the interior of something; often refers to processes or factors occurring within an entity or organism.

External

Positioned outside or beyond an object or system, often referring to factors or influences that come from the outside of an individual or system.

Stable

Characterized by consistency, steadiness, and lack of significant change or fluctuation.

Global

Pertaining to or involving the entire world, emphasizing a comprehensive, worldwide scope or application.