Question: My question is why the answer is B? 17. Using the table shown, what is the most current spot exchange rate shown for British pounds?

My question is why the answer is B?

17. Using the table shown, what is the most current spot exchange rate shown for British pounds? Use a direct quote from a U.S. perspective: Country U.S. S equiv. Currency per U.S. $ Tuesday Monday Tuesday Monday Britain (Pound) $62,500 1.6000 1.6100 0.6250 0.6211 1 Month Forward 1.6100 1.6300 0.6211 0.6173 3 Months Forward 1.6300 1.6600 0.6173 0.6024 6 Months Forward 1.6600 1.7200 0.6024 0.5814 12 Months Forward 1.7200 1.8000 0.5814 0.5556 a. $1.61 = $1.00 b. $1.60 = $1.00 C. $1.00 = $0.625 d. $1.72 = $1.00

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