TABLE 5.1

Use the table to answer following question(s).
-Refer to Table 5.1. The current spot rate of dollars per pound as quoted in a newspaper is ________ or ________.
A) £1.4484/$; $0.6904/£
B) $1.4481/£; £0.6906/$
C) $1.4484/£; £0.6904/$
D) £1.4487/$; $0.6903/£

Question

TABLE 5.1

Use the table to answer following question(s).
-Refer to Table 5.1. The current spot rate of dollars per pound as quoted in a newspaper is ________ or ________.
A) £1.4484/$; $0.6904/£ 
B) $1.4481/£; £0.6906/$ 
C) $1.4484/£; £0.6904/$ 
D) £1.4487/$; $0.6903/£

Quizplus · Accepted Answer

In the table, the first column indicates the currency pair, the second column shows the bid rate, and the third column shows the ask rate. The currency pair for dollars per pound is TB5555_11, which has an ask rate of £1.4484/$. Hence, the current spot rate is $1.4484/£ (the reciprocal of the ask rate).

TABLE 5.1 Use the Table to Answer Following Question(s)