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:

Environmental Laws

Regulations and standards aimed at preserving and protecting the environment from harmful practices or pollutants, promoting sustainability.

Oil

A natural fossil fuel that is used primarily for energy production and as a raw material in manufacturing.

Demand

The quantity of a good or service that consumers are willing and able to purchase at various prices during a given period.

Compound Return

It refers to the phenomenon where the interest earned on an investment is reinvested to earn additional interest, leading to exponential growth over time.