TABLE 8.1
Use the table to answer following question(s).
April 19, 2009, British Pound Option Prices (cents per pound, 62,500 pound contracts).
-Refer to Table 8.1. What was the closing price of the British pound on April 18, 2009?
A)$1.448/£
B)£1.448/$
C)$14.48/£
D)none of the above

Question

TABLE 8.1
Use the table to answer following question(s).
April 19, 2009, British Pound Option Prices (cents per pound, 62,500 pound contracts). 
-Refer to Table 8.1. What was the closing price of the British pound on April 18, 2009?
A)$1.448/£ 
B)£1.448/$ 
C)$14.48/£ 
D)none of the above

Quizplus · Accepted Answer

The closing price of the British pound on April 18, 2009, was $1.448/£, which means one British pound was equivalent to 1.448 US dollars.

TABLE 8.1 Use the Table to Answer Following Question(s)