Question: Based on the table for the rates published in the US below, find the / cross bid and ask rates and fill in the table.

Based on the table for the rates published in the US below, find the / cross bid and ask rates and fill in the table. You need to show the steps how you get your answers. (Numbers should be rounded to 4 decimal places. Please note that your answers will be worthy zero mark if they do not include currency symbols $, and )

USD Bank Quotations

Direct

American Terms

Indirect

European Terms

Bid

Ask

Bid

Ask

Between and $

1.5924

1.5929

.6278

.6280

Between and $

1.3509

1.3514

.7400

.7402

Between and 1.1784 1.1791 0.8481 0.8486

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