Using the Table Above,what Is the Ask Price of Euro

question 36

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 ask price of euro in terms of pounds?

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

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Definitions:

Composite Volcanoes

Volcanic structures formed from alternating layers of lava flows, ash, and other volcanic debris.

Island Arc

Curved chains of volcanic islands located at convergent tectonic plate boundaries, often formed from the subduction of an oceanic plate under another oceanic plate.

Mid-ocean Ridge

An underwater mountain range, formed by plate tectonics, that marks the site of upwelling magma creating new oceanic crust.

Caldera-forming Eruptions

Volcanic eruptions that create large, basin-shaped depressions called calderas, formed by the collapse of a volcano into emptied magma chambers.