Question: Use the table below to answer the following questions (use 4 decimal points) Question 1 US$ Bank Quotations Bid Ask British pounds $1.9712/ $1.9717/ Euros

Use the table below to answer the following questions (use 4 decimal points)

Question 1

US$

Bank Quotations

Bid

Ask

British pounds

$1.9712/

$1.9717/

Euros

$1.4738/

$1.4742/

  1. What are the bid price quotes for the value of pound in terms of euro? To earn credits, you must show all your works. (0.4)
  2. What are the ask price quotes for the value of pound in terms of euro? To earn credits, you must show all your works. (0.4)
  3. Please find Bid-Ask spread for /. To earn credits, you must show all your works. (0.2)
  4. What are the bid price quotes for the value of euro in terms of pounds? To earn credits, you must show all your works. (0.4)

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