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Currency Euro (EUR/USD) British pound (GBP/USD) Swiss franc (USD/CHF) Japanese yen (USD/JPY) Pakistani rupee (USD/PKR) Spot quote 1.1724 -1.1726 1.3387-1.3389 0.9836-0.9838 09.65-109.67 115.73- 115.83 Part

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Currency Euro (EUR/USD) British pound (GBP/USD) Swiss franc (USD/CHF) Japanese yen (USD/JPY) Pakistani rupee (USD/PKR) Spot quote 1.1724 -1.1726 1.3387-1.3389 0.9836-0.9838 09.65-109.67 115.73- 115.83 Part 3. Cross rates a. What are the implied cross bid and ask exchange rates for the Japanese yen and the Pakistani rupee? Which currency would be the base currency in the cross exchange rate b. Wh currency would be the base currency in the cross exchange rate? c. What are the implied cross Which currency would be the base currency in the cross exchange rate? d. How many Swiss francs will a customer that trades Y100 million to this dealer receive? at are the implied cross bid and ask exchange rates for the Euro and the British pound? Which bid and ask exchange rates for the British pound and the Swiss frane

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