Assume that Citibank quotes you a buy rate of $1.50 per pound and a sell rate of $1.60 per pound.How much will you receive in dollars,if you sell 1,000 pound to Citibank?
A) $625
B) $666.67
C) $1,500
D) $1,600
Correct Answer:
Verified
Q11: The exchange rate is
A)the price of one
Q13: Use the graph below to answer questions
Q14: Rising income in the United States triggers
Q15: You have obtained the following spot rates:
Q16: Use the graph below to answer questions
Q17: If the French demand for American exports
Q19: If the spot exchange rate goes from
Q20: Use the graph below to answer questions
Q21: Which of the following countries has the
Q22: The Citibank trading desk quotes a buy
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents