Answer:
C. 0.7625-8
Explanation:
The direct quote for dollars in London would be the reciprocal of the quote for sterling in New York. By the reciprocal, I mean the 1 divided by the direct quote for sterling in New York which is shown below:
direct quote for dollars in London=1/ 1.3110
direct quote for dollars in London=0.7628
direct quote for dollars in London=1/1.3115
direct quotes for dollars in London=0.7625
A range between 0.7625 -0.7628
