In what way is the quote $1.1453/ Bid and $1.1459/ Ask equivalent to $1.1459/ Bid and $1.1453/

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In what way is the quote "$1.1453/€ Bid and $1.1459/€ Ask" equivalent to "$1.1459/€ Bid and $1.1453/€ Ask"?

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Multinational Finance Evaluating Opportunities Costs and Risks of Operations

ISBN: 978-1118270127

5th edition

Authors: Kirt C. Butler

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Question Posted: Mar 25, 2016 07:10 AM

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In what way is the quote $1.1453/ Bid and $1.1459/ Ask equivalent to $1.1459/ Bid and $1.1453/

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A bank quoting 11453 Bid and 11459 Ask is buying euros in the deno...View the full answer

Multinational Finance Evaluating Opportunities Costs and Risks of Operations

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