Including the Transaction Costs of the Bid-Ask Spread,the Euro-Pound Cross $\frac { 1 } { S ^ { a } ( £ / \$ ) }$

question 26

Multiple Choice

Including the transaction costs of the bid-ask spread,the euro-pound cross exchange rate for a customer who wants to sell euro and buy pounds can be computed as

• A)S^b(£/€)= S^b($/€)× S^b(£/$)
• B)S^a(€/£)= S^a(€/$)× S^a($/£)
• C)S^b(€/£)= S^b($/€)× \(\frac { 1 } { S ^ { a } ( £ / \$ ) }\)
• D)all of the options

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