Quiz 1 (Version A)Solution - Version A Fin 536 Quiz 1 Solutions 1(7pts)Fill out the answers a To purchase 1,500 British Pounds you need_2280 U.S dollars

Quiz 1 (Version A)Solution - Version A Fin 536 Quiz 1...

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Version A Fin 536 Quiz 1 Solutions 1.(7pts)Fill out the answers. b.In 2004, the U.S. was running a deficit of $550 on the current account and a surplus of $540 on the capital and financial accounts, ignoring the statistical discrepancy, the balance on the U.S. reserve account was ___10__ c.Two banks quotes the following rates at the same time: Citibank NY quotes SF1.21-1.23/€ and Barclays London quotes SF1.17-1.19/€. The ask price of SF from Barclays ___€0.8547/SF or SF1.17/€_____.The bid price of SF from Citibank is ___

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