Using the Table Above,what Is the Bid Price of Pounds

question 24

Multiple Choice

$$\begin{array} { l c c c c c c } & { \text { Americar Terns } } & & { \text { Europearl Terms } } \\\text { Bark Quotations } & \text { Bid } & \text { Ask } & \text { Bid } & \text { Ask } \\\text { British pounds } & \$ 1.9712 & \$ 1.9717 & \text { £ } 0.5072 & \text { £ } 0.5073 \\\text { Euros } & \$ 1.4738 & \$ 1.4742 & € 0.6783 & € 0.6785\end{array}$$ Using the table above,what is the bid price of pounds in terms of euro?

• A)€1.3371/£
• B)€1.3378/£
• C)£0.7475/€
• D)£0.7479/€

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