If the $/€ Bid and Ask Prices Are $1

question 57

Multiple Choice

If the $/€ bid and ask prices are $1.50/€ and $1.51/€,respectively,the corresponding €/$ bid and ask prices are

• A)€0.6667 and €0.6623.
• B)$1.51 and $1.50.
• C)€0.6623 and €0.6667.
• D)cannot be determined with the information given.

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