TABLE 8.1 Use the Below Mentioned Table to Answer Following Question(s)

question 29

Multiple Choice

TABLE 8.1
Use the below mentioned table to answer following question(s) .
April 19, 2009, British Pound Option Prices (cents per pound, 62,500 pound contracts) .
-Refer to Table 8.1. What was the closing price of the British pound on April 18, 2009?

• A)$1.448/£
• B)£1.448/$
• C)$14.48/£
• D)None of the above

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Definitions:

Liable

Legally responsible for something, especially in the context of financial or legal obligations.

Bailment

The transfer of possession and control of personal property to another with the intent that the same property will be returned later.

Bailee

The person to whom personal property is transferred under a contract of bailment.

Bailor

The person who transfers personal property under a contract of bailment.