Since the mid-rates are given, we should use mid-rates rather than bid or ask rates since we do not know whether the spot rate is to be given for buying or selling pounds
Mid rate of $ per pound = $1.4484 (1st row, 4th column in the table)
Mid rate of pound per $ = 1 / 1.4484 = 0.6904 pounds/$
The answer is A
Pound: Spot and Forward Mid Rates Bid Ask 14484 14481 14487 Yen: Spot and Forward 15)...
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