What Is the ASK Cross-Exchange Rate for Canadian Dollars Priced

$$\begin{array} { | l | c | c | } \hline & { \text { USD equivalent } } \\\hline \text { Courtry } & \text { BID} & \text { ASK } \\\hline \text { Carada (Dollar) } & 0.8653 & 0.8667 \\\hline \text { Euro € } & 1.4000 & 1.4200 \\\hline\end{array}$$ What is the ASK cross-exchange rate for Canadian dollars priced in euro? Hint: Find the price that a currency dealer will take in euro to sell Canadian dollars.

A) €0.6094/CAD
B) €0.6104/CAD
C) €0.6181/CAD
D) €0.6191/CAD

Correct Answer:

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