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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Definitions:

Downward Communication

Information flow from higher levels of an organization's hierarchy to the lower levels, often involving directives, updates, or feedback.

Interpersonal Level

Pertaining to or involving relationships between individuals.

Grapevine Communication

Informal channels of information exchange within an organization or group, not sanctioned by official communication policies, which can spread rumors and unofficial news.

Downward Communication

The flow of information from higher levels of organizational hierarchy to lower levels, typically from management to employees.