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:

Iris

The colored part of the eye surrounding the pupil, responsible for controlling the amount of light entering the eye.

Anatomical Structures

The various organs and parts of organisms, including humans, organized in a specific manner for biological functions.

Sight

The sense through which living beings perceive light and visually interpret surroundings, primarily using the eyes.

Protective Covering

A material or structure that serves to shield or guard something from exposure, damage, or harmful elements.