Assume that the bank's bid quote of British pound is $1.50 and ask price is...
70.2K
Verified Solution
Link Copied!
Question
Finance
Assume that the bank's bid quote of British pound is $1.50 and ask price is $1.58. If you have British pounds, what is the amount of pound that you need to purchase $100,000? 63,291 158,000 150,000 66,667
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!