A Currency Trader Observes the Following Quotes in the Spot

question 6

Multiple Choice

A currency trader observes the following quotes in the spot market:
Given this information,how many yen can be purchased for 1 Swiss franc?

• A)0.8505
• B)0.8723
• C)0.8947
• D)0.9170
• E)0.9400

---

Definitions:

Savings Plan

A scheme that encourages regular saving with a bank or financial institution, often linked with benefits such as interest or investment returns.

Effective Rate

A comprehensive annual rate that accounts for compounding, often used in finance and investments to provide a true comparison among different financial products.

Investments

The allocation of assets with the goal of generating income or profit over time.

Quarterly

Occurring or done four times within a year, typically used in financial contexts to describe intervals for payments or reports.