The next THREE questions are based on the following quoted spot rates: GBP0.869/USD EUR0.85/USD THB22.66/AUD AUD1.99/GBP AUD1.05/CAD

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The next THREE questions are based on the following quoted spot rates:

GBP0.869/USD

EUR0.85/USD

THB22.66/AUD

AUD1.99/GBP

AUD1.05/CAD

How many of these quoted spot rates feature the AUD as the base currency?

a. 0

b. 1

c. 2

d. 3

How many of these quoted spot rates feature the GBP as the term currency?

a. 0

b. 1

c. 2

d. 3

Using ONLY the first two quoted spot rates, (GBP0.869/USD & EUR0.85/USD) how many GBP would be needed to purchase one EUR?

a. 0.7387

b. 1.0224

c. 1.7190

d. 0.9781

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An Introduction To Derivative Securities Financial Markets And Risk Management

ISBN: 9781944659653

2nd Edition

Authors: Robert A. Jarrow, Arkadev Chatterjee

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Posted Date: Feb 14, 2024 05:49 AM

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The next THREE questions are based on the following quoted spot rates: GBP0.869/USD EUR0.85/USD THB22.66/AUD AUD1.99/GBP AUD1.05/CAD

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