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B. Spot Market Suppose you read the following quote on the Reuters screen: USD 1.000-1.005/CAD What is the bank's buying and selling rate for CAD?

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B. Spot Market Suppose you read the following quote on the Reuters screen: USD 1.000-1.005/CAD What is the bank's buying and selling rate for CAD? What is the bank's buying and selling rates for USD (in CAD)? If you are going on a vacation to Canada and would like to convert USD800 into CADs, how many CAD's would you obtain? After spending CAD600, you would like to convert the balance of CAD's remaining to USDs. How many USDs would you obtain

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