Clients of a Voice-Broker Quote EUR/GBP at 0

question 401

Multiple Choice

Clients of a voice-broker quote EUR/GBP at 0.8345-50, 0.8346-51, 0.8348-53 and 0.8349-53. What will be the broker's price?

• A) 0.8345-53
• B) 0.8345-50
• C) 0.8349-50
• D) 0.8349-53

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Definitions:

Bank Reconciliation

The process of verifying the balance of a company's bank accounts with their financial records, identifying any discrepancies that may exist.

Purpose

Purpose refers to the reason for which something is done or created or for which something exists.

General Journal Entry

A record in accounting that notes the debit and credit transactions affecting financial statements.

Cash Register

A machine used in retail for calculating and recording sales transactions and storing money.