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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

1) a) Citibank, a major money-center or international bank quotes the following rates to trade USA dollars against Canadian dollars: USD/CAD 1.45011.4504. Suppose you want to acquire 1 million US dollars from Citi. How much CAD do you have to pay?
b) Suppose instead you want to sell 1 million US dollars to Citi. How much CAD will you receive?
c) Citi, as a money-center bank, quotes the following rates to trade Singapore dollars against Swedish Kronas: , SGD/SEK =5.93925.9445. Suppose you want to acquire 1 million Singapore dollars from Citi. How much SEK do you have to pay?
d) Suppose instead you want to sell 1 million SGD to Citi. How much SEK will you receive?

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