Question
a) Citibank, a major money-center or international bank quotes the following rates to trade USA dollars against Canadian dollars: USD/CAD 1.4501 1.4504. Suppose you want
a) Citibank, a major money-center or international bank quotes the following rates to trade USA dollars against Canadian dollars: USD/CAD 1.4501 1.4504. 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 = 5.9392 5.9445. 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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The Emerald Handbook On Cryptoassets Investment Opportunities And Challenges
Authors: H. Kent Baker, Hugo Benedetti, Ehsan Nikbakht, Sean Stein Smith
1st Edition
1804553212, 978-1804553213
