Test Bank

18. You buy the British pound at £0.67 per $ and sell it at $1.55 per £. Ignoring commissions, you came out ahead on the deal. Ans: True. Dif: M 19. You have Euros and you buy the dollar at $1.03 per € and sell it at € 1.05 per $. Ignoring commissions, you came out ahead on the deal. Ans: False. Dif: M. 20. ................
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