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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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