The $/€ bid and ask prices are $1.45/€ and $1.48/€, respectively. The €/$ bid and ask prices are: Multiple Choice $1.4...

Question

Question

The $/€ bid and ask prices are $1.45/€ and $1.48/€, respectively. The €/$ bid and ask prices are:

Multiple Choice

Answer 1

Answer #1

Euro/Dollar Bid price = 1/1.48 = Euro 0.6757/$1

Ask price = 1/1.45 = Euro 0.6897/$1

Hence, the answer is

Answer 2

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