Question: Question 1: By using below listed quotes, answer these questions: Currency Bid Rate Ask/Offer Rate EUR/USD 1.4438 1.4482 GBP/USD 1.6343 1.6381 USD/CAD 0.9552 0.9568 NZD/USD

Question 1: By using below listed quotes, answer these questions: Currency Bid Rate Ask/Offer Rate EUR/USD 1.4438 1.4482 GBP/USD 1.6343 1.6381 USD/CAD 0.9552 0.9568 NZD/USD 0.7824 0.7825 USD/ZAR 6.6324 6.6407 USD/JPY 84.72 84.73 CHF/JPY 93.49 93.51 1) What would be the dollar cost of purchasing EUR1, 000,000? (0.2 point) 2) How much GBP you would receive in exchange for USD 1,000,000? (0.2 point)

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