Question
Bid-ask spread: Banco Herrero wants to make a bid-ask spread of 0.55 per cent on its foreign exchange transactions. If the ask rate on the
Bid-ask spread: Banco Herrero wants to make a bid-ask spread of 0.55 per cent on its foreign exchange transactions. If the ask rate on the Mexican peso (MP) is MP10.4192/$, what does the bid rate have to be?
can anyone give me a solution, thx!
1. MP10.3619/$
2. MP10.4192/$
3. MP10.4249/$
4. MP10.2165/$
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Glencoe Business And Personal Finance
Authors: McGraw-Hill
1st Edition
0021400202, 9780021400201
