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question 33
question 33
Multiple Choice

Country U.S. $ equiv. Currency per U.S. $

Tuesday Monday Tuesday Monday

Britain (Pound) £62,500 1.6000 1.6100 0.6250 0.6211

1 Month Forward 1.6100 1.6300 0.6211 0.6173

3 Month Forward 1.6300 1.6600 0.6173 0.6024

6 Month Forward 1.6600 1.7200 0.6024 0.5814

13 Month Forward 1.7200 1.8000 0.5814 0.5556

Using the table shown,what is the most current spot exchange rate shown for British pounds? Use a direct quote from a U.S.perspective.

Definitions:

Cost of Goods Sold

The total cost of materials and labor directly involved in producing goods sold by a company during a specific period.

Perpetual Inventory

An inventory tracking system that updates the quantity and cost of each item automatically as sales and purchases occur in real-time.

Current Asset

Assets likely to be converted into cash, sold, or consumed within one year or within the business's normal operating cycle.

Invoice Terms

Invoice Terms specify the conditions under which a sale is conducted, including payment deadlines, early payment discounts, and penalties for late payment.

Country	U.S. $ equiv.		Currency per U.S. $
	Tuesday	Monday	Tuesday	Monday
Britain (Pound) £62,500	1.6000	1.6100	0.6250	0.6211
1 Month Forward	1.6100	1.6300	0.6211	0.6173
3 Month Forward	1.6300	1.6600	0.6173	0.6024
6 Month Forward	1.6600	1.7200	0.6024	0.5814
13 Month Forward	1.7200	1.8000	0.5814	0.5556