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Consider the following quotes: Currency Bid Rate Offer Rate EUR/USD 1.2310 1.2313 GBP/USD 1.7945 1.7949 USD/JPY 110.73 110.83 USD/CHF 1.2810 1.2815 USD/CAD 1.1514 1.1517 USD/BRL

Consider the following quotes:

Currency

Bid Rate

Offer Rate

EUR/USD

1.2310

1.2313

GBP/USD

1.7945

1.7949

USD/JPY

110.73

110.83

USD/CHF

1.2810

1.2815

USD/CAD

1.1514

1.1517

USD/BRL

2.1780

2.2345

a. Based on the quotes given above, you buy Euro 1,000,000 and pay $_________________.

b. Review quotes above. You have GBP and you buy USD. How much GBP do you pay for USD 1,000,000?

c. You have USD and you buy CHF. How much CHF do you get per USD?

d. You have CAD and you buy USD. How much CAD do you pay per USD?

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