A Currency Trader Observes the Following Quotes in the Spot

question 4

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 = 1.98 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:

Pack-Years

A measure of smoking exposure, calculated by multiplying the number of packs of cigarettes smoked per day by the number of years the person has smoked.

Smoking History

A record of an individual's tobacco use, including duration and intensity, which is critical for assessing health risks.

Medical Record

A comprehensive document containing a patient's personal identification, medical history, treatment plans, and progress notes.

Auricle

The visible part of the ear that is outside the head, also known as the pinna, which helps direct sound into the ear canal.