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At the Moscow airport in Russia, there are two quotations between Russian Ruble (RUB) and U.S. dollar (USD): RUB 31/USD and RUB 32/USD. 1) Tom

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At the Moscow airport in Russia, there are two quotations between Russian Ruble (RUB) and U.S. dollar (USD): RUB 31/USD and RUB 32/USD. 1) Tom has just arrived at the Moscow airport. He wants to convert USD 200 Into RUB. a) From Tom's viewpoint, which rate is relevant? b) Is it Ask or Bid quotation from Tom's viewpoint? c) Calculate the RUB amount Tom would get 2) Judy is about to leave Russia. She wants convert RUB 5,000 into USD. a) From Judy's viewpoint, which rate is relevant? b) is it Ask or Bid quotation from Judy's viewpoint? c) Calculate the USD amount Judy would get

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