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14) The bid price A) is the price that a bank stands ready to buy a currency. B) is the price that a bank stands
14) The bid price A) is the price that a bank stands ready to buy a currency. B) is the price that a bank stands ready to sell a currency. C) refers only to auctions like eBay, not over-the-counter transactions with dealers. D) is the price that the dealer has just paid for something, his historical cost of the most recent trade. 15) You see the following quotations. How much would a Russian investor gain or lose if s/he bought the Aeroflot stock in Russian and sold it in the United States? (The symbol for the Russian currency, the ruble, is RUR.) Bid Ask Aeroflot - USD $45.00 $50.00 Aeroflot-RUR RUR90 R UR100 RUR/USD RUR2/USD RUR2.5/USD A) A loss of RUR5 per stock. B) A gain of RUR12.5 per stock. C) A loss of RUR10 per stock. D) A gain of RUR10 per stock
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