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3. Given the bid-ask quotes for jpy/gbp 220-240, at what rate will: (a) Mr. Agbo purchase gbp? 2 MARKS (b) Mr. Agbo sell gbp? 2

3. Given the bid-ask quotes for jpy/gbp 220-240, at what rate will: (a) Mr. Agbo purchase gbp? 2 MARKS (b) Mr. Agbo sell gbp? 2 MARKS (c) Mr. Debrah purchase jpy? 2 MARKS (d) Mr. Kwaku sell jpy? 2 MARKS

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