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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