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Elan Coil [88]
1 year ago
11

If the direct quote for a U.S. investor for British pounds is $1.43/£, then the indirect quote for the U.S. investor would be __

______ and the direct quote for the British investor would be ________. A. £0.699/$; £0.699/$ B. $0.699/£; £0.699/$ C. £1.43/£; £0.699/$ D. £0.699/$; $1.43/£
Business
1 answer:
Tpy6a [65]1 year ago
7 0

Answer:

The answer is A. £0.699/$; £0.699/$

Explanation:

The direct quote for British investor is the same as the indirect quote for the U.S. investor.

Calculation is as follows; 1/1.43 = 0.699

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