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Bid Ask USDJPY 110.74 110.85 GBPUSD 1.2921 1.3911 Mitsubishi a Japanese (JPY) company imported 56 tons of Manganese from Metal Corp, a UK Supplier (GBP).

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Bid Ask USDJPY 110.74 110.85 GBPUSD 1.2921 1.3911 Mitsubishi a Japanese (JPY) company imported 56 tons of Manganese from Metal Corp, a UK Supplier (GBP). The cost of the consignment as per the invoice from the supplier is 560,000 GBP. 1.Calculate the cost in JPY for Mitsubishi 2. Calculate Bid/Ask Spread for GBPUSD 3. Give any three features of the spot market

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