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

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 euro in terms of pounds?

Quizplus · Accepted Answer

The ask price of euro in terms of pounds is £0.7479/€. This is because the ask price of euro is €0.6785 and the ask price of pounds is £0.5073. To find the ask price of euro in terms of pounds, we divide the ask price of euro by the ask price of pounds: €0.6785 / £0.5073 = £0.7479/€.

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