A Currency Trader Observes the Following Quotes in the Spot

question 87

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:

Yuan

The basic unit of currency in China, also referred to as Renminbi (RMB).

Painting Style

The distinctive method and approach an artist uses in their paintings, encompassing techniques, brushwork, and choice of subjects.

Northern School

Refers to a classification of artists or art movements that originated in the northern regions of Europe, distinct in style and technique from Southern counterparts.

Southern School

A term that can refer to various movements or schools in different disciplines, often implying a regional distinction or specific characteristics that differentiate it from northern counterparts.