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Reading 18: Currency Exchange Rates - LOS a, (Part 1) ~ Q

Q6. An indirect quote for pesos to a $U.S. investor is 8.00-8.50. If you have $100, how many pesos will you be able to buy?

A)   11.8.

B)   850.

C)   800.

Q7. $0.555/GBP is:

A)     a direct quote in Great Britain.

B)     an indirect quote in Great Britain.

C)     an indirect quote in the U.S.

Q8. If the bid is $1.8709/GBP and the ask is $1.8841/GBP, what is the bid−ask spread in GBP/USD?

A)     0.5345 − 0.5407.

B)     1.8841 − 1.8709.

C)     0.5308 − 0.5345.

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