If the $/€ bid and ask prices are $1.50/€ and $1.51/€,respectively,the corresponding €/$ bid and ask prices are

Question

Quizplus · Accepted Answer

To find the corresponding €/$ bid and ask prices, we need to take the reciprocal of the original bid and ask prices, respectively. Thus, the €/$ bid price is €1/$1.50=€0.6667 and the €/$ ask price is €1/$1.51=€0.6623. Therefore, the correct answer is choice C.

If the $/€ Bid and Ask Prices Are $1