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In Conversation,interbank Foreign Exchange Traders Use a Shorthand Abbreviation in Expressing

Question 83

Multiple Choice

In conversation,interbank foreign exchange traders use a shorthand abbreviation in expressing spot currency quotations.Consider a $/£ bid-ask quote of $1.2519-$1.2523.The currency dealer would likely quote that as ________.


A) 19-23
B) 23-19
C) 4 points
D) none of the options

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