On your first day at work, your boss tells you to call the bank and get the bid and the ask for British pounds. Having just returned from studying in London,
you know that the exchange rate should be somewhere around 1.25. You call the number and the lady says "579 and 585." What does that mean?
A) She didn't understand your question.
B) The bid is 0.579 and the ask is 0.585.
C) The ask is 0.579 and the bid is 0.585
D) The bid is 1.2579 and the ask is 1.2585.
Answer: D
You might also like to view...
Left Hand, Inc has fixed costs of $400,000
Total costs, both fixed and variable, are $550,000 when 40,000 units are produced. Calculate the total costs if the volume increases to 64,000 units. (Round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar.) A) $950,000 B) $150,000 C) $640,000 D) $550,000
A firm that has the skills to be a "first mover" and arrive first in the market has achieved a know-how advantage
Indicate whether the statement is true or false