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Question 74

Multiple Choice

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 Country  U.S. $ equiv.   Currency per U.S. $   
   Tuesday  Monday  Tuesday  Monday
 Britain (Pound) £62,500  2.0000  1.9800  0.5000  0.5051
 1 Month Forward  2.0100  1.9900  0.4975  0.5025
  3 Month Forward  2.0200  2.0000  0.4950  0.5000
 6 Months Forward  2.0300  2.0100  0.4926  0.4975
 12 Months Forward  2.0400  2.0200  0.4902  0.4950
 Euro £62,500  1.5000  1.4800  0.6667  0.6757
 1 Month Forward  1.5100  1.4900  0.6623  0.6711
 3 Month Forward  1.5200  1.5000  0.6579  0.6667
 6 Months Forward  1.5300  1.5100  0.6536  0.6623
 12 Months Forward  1.5400  1.5200  0.6494  0.6579
Using the table shown,what is the spot cross-exchange rate between pounds and euro?


A) €1.00 = £0.75
B) £1.33 = €1.00
C) £1.00 = €0.75
D) none of the options

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