Solved

Table 172 Foreign Exchange Quotations  U.S. Dollar EquivalentCurrency Per U.S. Dollar \begin{array}{llcc} \quad\quad\quad\quad\quad\quad\quad\text { U.S. Dollar Equivalent} & \text {Currency Per U.S. Dollar } \\\end{array}

Question 38

Multiple Choice

Table 17.2 Foreign Exchange Quotations
 U.S. Dollar EquivalentCurrency Per U.S. Dollar \begin{array}{llcc} \quad\quad\quad\quad\quad\quad\quad\text { U.S. Dollar Equivalent} & \text {Currency Per U.S. Dollar } \\\end{array}
TuesdayMondayTuesdayMonday British Pound 1.42701.43900.70080.6949 30-day Forward 1.42111.43330.70370.6977 60-day Forward 1.40901.42200.70970.7032 180-day Forward 1.39301.40700.71790.7107\begin{array}{lllll}&\underline{\text {Tuesday}}&\underline{\text {Monday}}&\underline{\text {Tuesday}}&\underline{\text {Monday}}\\\text { British Pound } & 1.4270 & 1.4390 & 0.7008 & 0.6949 \\\text { 30-day Forward } & 1.4211 & 1.4333 & 0.7037 & 0.6977 \\\text { 60-day Forward } & 1.4090 & 1.4220 & 0.7097 & 0.7032 \\\text { 180-day Forward } & 1.3930 & 1.4070 & 0.7179 & 0.7107\end{array}
-Refer to Table 17.2. Comparing Tuesday to the previous Monday, by Tuesday the pound's exchange value had


A) depreciated against the dollar
B) appreciated against the dollar
C) not changed against the dollar
D) become equivalent to the value of the dollar

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents