A Currency Trader Observes the Following Quotes in the Spot

question 31

Multiple Choice

A currency trader observes the following quotes in the spot market: Given this information, how many yen can be purchased for 1 Swiss franc?

• A) 0.8505
• B) 0.8723
• C) 0.8947
• D) 0.9170
• E) 0.9400

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Definitions:

Difference Notice

Involves the ability to discern or recognize changes or distinctions between objects, situations, or stimuli.

Weights

Objects of known mass used for various purposes including balancing scales, physical exercises, and as measurements in scientific experiments.

Prediction

The act of forecasting future events or behaviors based on current or past information.

Light Waves

Electromagnetic waves that are visible to the human eye, responsible for the sensation of sight.