2 Cloudy Bank quotes an ask rate of 0.12 for the Peruvian currency (new sol) and a...

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2 Cloudy Bank quotes an ask rate of £0.12 for the Peruvian currency (new sol) and a bid rate of £0.09.

Determine the bid/ask percentage spread. Briefly give reasons for the difference with Q1.

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Exploring Economics

ISBN: 9780324395464

4th Edition

Authors: Robert L. Sexton

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Question Posted: Oct 28, 2024 05:00 AM

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2 Cloudy Bank quotes an ask rate of 0.12 for the Peruvian currency (new sol) and a...

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Exploring Economics

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