$$\begin{array} { l c c c c c c }
& { \text { Americar Terns } } & & { \text { Europearl Terms } } \
\text { Bark Quotations } & \text { Bid } & \text { Ask } & \text { Bid } & \text { Ask } \
\text { British pounds } & \$ 1.9712 & \$ 1.9717 & \text { £ } 0.5072 & \text { £ } 0.5073 \
\text { Euros } & \$ 1.4738 & \$ 1.4742 & € 0.6783 & € 0.6785
\end{array}$$ Using the table above,what is the bid price of pounds in terms of euro?

Question

$$\begin{array} { l c c c c c c } 
& { \text { Americar Terns } } & & { \text { Europearl Terms } } \
\text { Bark Quotations } & \text { Bid } & \text { Ask } & \text { Bid } & \text { Ask } \
\text { British pounds } & \$ 1.9712 & \$ 1.9717 & \text {  £  } 0.5072 & \text {  £  } 0.5073 \
\text { Euros } & \$ 1.4738 & \$ 1.4742 & € 0.6783 & € 0.6785
\end{array}$$ Using the table above,what is the bid price of pounds in terms of euro?

Quizplus · Accepted Answer

To find the bid price of pounds in terms of euros, you divide the bid price of pounds in dollars by the ask price of euros in dollars. So, $1.9712 / $1.4742 = €1.3371/£.

Using the Table Above,what Is the Bid Price of Pounds