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1 ) a ) Citibank, a major money - center or international bank quotes the following rates to trade USA dollars against Canadian dollars: USD
a Citibank, a major moneycenter or international bank quotes the following rates to trade USA dollars against Canadian dollars: USDCAD Suppose you want to acquire million US dollars from Citi. How much CAD do you have to pay?
b Suppose instead you want to sell million US dollars to Citi. How much CAD will you receive?
c Citi, as a moneycenter bank, quotes the following rates to trade Singapore dollars against Swedish Kronas: SGDSEK Suppose you want to acquire million Singapore dollars from Citi. How much SEK do you have to pay?
d Suppose instead you want to sell million SGD to Citi. How much SEK will you receive?
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