Please show the work for how to get these, I don't know how to work them out or what equations to use. Thank you!

Question 1: Use the table below to answer the following questions (use 4 decimal points).

	US$
Bank Quotations	Bid	Ask
British pounds	$1.9712/	$1.9717/
Euros	$1.4738/	$1.4742/

1. You have $1,000,000. And, you want to exchange $1,000,000 for . How much will you have in ?

2. You want to buy 1,000,000. How much will you spend in $?

3. You have $1,000,000. And, you want to exchange $1,000,000 for . How much will you have in ?

4. You want to buy 1,000,000. How much will you spend in $?

5. What are the bid price quotes for the value of pound in terms of euro?

6. What are the ask price quotes for the value of pound in terms of euro?

7. Please find Bid-Ask spread for /.

8. What are the bid price quotes for the value of euro in terms of pounds?

1. What are the ask price quotes for the value of euro in terms of pounds?

10. Please find Bid-Ask spread for /.

11. You have 1,000,000. And, you want to exchange 1,000,000 for . How much will you have in ?

L. You have 1,000,000. And, you want to exchange 1,000,000 for . How much will you have in ?