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

Quizplus · Accepted Answer

To find the ask price of pounds in terms of euro, we need to divide the ask price of pounds by the bid price of euros. Thus, we have: 
$$	ext{Ask price of pounds in terms of euro} = \frac{	ext{Ask price of pounds}}{	ext{Bid price of euros}} = \frac{	ext{£}0.5073}{€0.6783} \approx €1.3378/	ext{£}$$
Therefore, the answer is B.

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