If GSP/USD Is Quoted to You at 1

question 68

Multiple Choice

If GSP/USD is quoted to you at 1.61 20-30, how much GSP would you receive if you sold USD 2000,000?

• A) 1,239,925.60
• B) 1,237,873.80
• C) 1,240,694.79
• D) 1,242,720.50

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Definitions:

Bottom Quintile

Refers to the lowest fifth portion of a population sorted by income or wealth.

Economic Inequality

The unequal distribution of wealth, income, or economic resources among participants in an economy.

Tax Returns

Official documents filed with a government body that reports income, expenses, and other pertinent tax information.

Real Income

The amount of goods and services that can be bought with a unit of currency, adjusted for inflation or price changes over time.