Table 11.1 gives the exchange rate quotations for the U.S.dollar and the British pound.
Table 11.1.Foreign Exchange Quotations

-Consider Table 11.1.If one were to buy pounds for immediate delivery,on Tuesday the dollar cost of each pound would be:
A) $0.7008
B) $0.7037
C) $1.4211
D) $1.4270

Question

Table 11.1 gives the exchange rate quotations for the U.S.dollar and the British pound.
Table 11.1.Foreign Exchange Quotations
 
-Consider Table 11.1.If one were to buy pounds for immediate delivery,on Tuesday the dollar cost of each pound would be:
A) $0.7008 
B) $0.7037 
C) $1.4211 
D) $1.4270

Quizplus · Accepted Answer

The dollar cost of each pound for immediate delivery is the spot rate, which is given as $1.4270 on Tuesday.

Table 111 Gives the Exchange Rate Quotations for the U