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5) Bank A quotes 3.1031- 40 for the MYR/US$ exchange rate to customer B. What are the following: (i) The price at which A is

5) Bank A quotes 3.1031- 40 for the MYR/US$ exchange rate to customer B. What are the following: (i) The price at which A is willing to buy the US$? (1 mark) (ii) The price at which A is willing to buy the Malaysian Ringgit (MYR)? (1 mark) (iii) The price at which B can buy the US$? (1 mark) (iii) The price at which B can buy the Malaysian Ringgit (MYR)? (1 mark)

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