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

---

Definitions:

Dramas

A genre of narrative fiction (or semi-fiction) intended to be more serious than humorous in tone, focusing on in-depth development of realistic characters dealing with emotional themes.

Pleasure

A feeling of happiness, enjoyment, or satisfaction derived from experiencing something desirable.

Censoring Movies

The process of examining films and suppressing or removing parts deemed objectionable on moral, political, or other grounds.

Plato

An ancient Greek philosopher, a student of Socrates and teacher of Aristotle, who laid the foundations of Western philosophy and science.