QUESTION 19 Steven converted $1,000 to 4105,000 for a trip to Japan. Which of the following...

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Answer 1

Answer #1

We are selling $1,000 to get ¥105,000.

We can sell $ at the bid price. The bid price that gives us ¥105,000 is 105. So, eliminate options A and D.

We know that the Bid price is always lower than the Ask price. So, eliminate option C.

The correct answer is option B.

105 - 110 ¥/$

Can you please upvote? Thank You :-)

Answer 2

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