Answer:
The quote for U.S. dollars (USD) in London (GBP/USD) can be found by taking the reciprocal of the quote for British pounds (USD/GBP).
In this case, the quote for British pounds (GBP) in New York is USD/GBP 1.3110. To find the quote for U.S. dollars (USD) in London (GBP/USD), we need to calculate the reciprocal of 1.3110.
Reciprocal means finding the multiplicative inverse of a number. In this case, we need to divide 1 by 1.3110 to find the reciprocal.
So, the quote for U.S. dollars (USD) in London (GBP/USD) would be 1 divided by 1.3110, which equals approximately 0.7616.
Therefore, the quote for U.S. dollars (USD) in London (GBP/USD) is approximately 0.7616.
Step-by-step explanation: