Suppose Pound Sterling Is Quoted at $1

question 20

Multiple Choice

Suppose pound sterling is quoted at $1.4419-36,and the Swiss franc is quoted at $0.6250-67.What is the direct quote for the pound in Zurich?

• A)2.3035-70
• B)2.3018- 88
• C)2.3008-98
• D)2.3020-50

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Definitions:

Variety

The inclusion of different elements, features, or qualities within something, offering a range of choices or diversity.

Peer-reviewed Research

Academic work that has been evaluated and critically reviewed by one or more experts in the specific field before being published in a scholarly journal.

Evidence

Information or facts that are used to support a conclusion, claim, or belief, often utilized in decision-making processes.

Gold Standard

A monetary system where a country's currency or paper money has a value directly linked to gold.