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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