a. Assume that a bank's bid rate on euro is $ 1.45, and its ask rate is $ 1.67. Its bid-ask percentage spread is (2.5
a. Assume that a bank's bid rate on euro is $ 1.45, and its ask rate is $ 1.67. Its bid-ask percentage spread is (2.5 marks) b. Assume euro is worth $1.30 and the Japanese yen is worth $1.28. What is the cross rate of the euro with respect to yen? That is, how many yen equal a euro (2.5 marks)
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Authors: Howells, Keith Bain
3rd Edition
0273693395, 978-0273693390
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