In Conversation, Interbank Foreign Exchange Traders Use a Shorthand Abbreviation

question 43

Multiple Choice

In conversation, interbank foreign exchange traders use a shorthand abbreviation in expressing spot currency quotations. Consider a $/£ bid-ask quote of $1.9072-$1.9077. The currency dealer would likely quote that as _____.

• A)72-77
• B)77-72
• C)5 points
• D)None of the above

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Definitions:

Acetoacetic Ester

Acetoacetic ester (ethyl acetoacetate) is an organic compound used in the synthesis of a wide range of chemicals, acting as a precursor for the synthesis of many compounds.

Malonic Ester

A type of ester derived from malonic acid, often used in organic synthesis, particularly in the malonic ester synthesis process.

Ethyl Acetate

An organic compound commonly used as a solvent, characterized by a sweet smell, with the formula CH3COOCH2CH3.

Most Acidic

A term used to describe the substance within a set of compounds that exhibits the highest propensity to donate a proton (H+).