A Currency Trader Observes the Following Quotes in the Spot

question 38

Multiple Choice

A currency trader observes the following quotes in the spot market: $$\begin{array} { l l l } 1 \text { U.S. dollar } = & 10.875 & \text { Mexican pesos } \\1 \text { British pound } = & 7.500 & \text { Danish krone } \\1 \text { British pound } = & 1.65 & \text { U.S. dollars }\end{array}$$
Given this information,how many Mexican pesos can be purchased for 1 Danish krone?

• A) 2.3446
• B) 2.0097
• C) 2.9188
• D) 2.0815
• E) 2.3925

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Definitions:

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Role Playing

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