Question: The computer screen in a foreign exchange trading room shows the following: Currency Spot _____ Canadian dollar C$1.5705/$ Danish Krone DK4.6470/$ Pound sterling $1.5320/ Japanese

The computer screen in a foreign exchange trading room shows the following:

Currency Spot_____

Canadian dollar C$1.5705/$

Danish Krone DK4.6470/$

Pound sterling $1.5320/

Japanese Yen 119.59/$

All of the cross rate statements below are correct except one; identify the wrong statement

a.

The Japanese yen/ Danish krone cross spot rate is 25.73/DK

b.

The Danish krones/Canadian dollars cross spot rate is DK 2.9589/C$l

c.

The Danish krones/pounds sterling cross spot rate is DK 7.1192/

d.

The Japanese yen/ Canadian dollars cross spot rate is 41.33/C$

e.

The Canadian dollars/pounds sterling cross spot rate is C$ 2.4060/

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