[Solved] If a bank shows a 2-way (bid-offer) FX pr

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Posted on Oct 06, 2024

If a bank shows a 2-way (bid-offer) FX price for USD/JPY of 122.05/122.10 then how many JPY would it cost a bank customer to buy

If a bank shows a 2-way (bid-offer) FX price for USD/JPY of 122.05/122.10 then how many JPY would it cost a bank customer to buy $1million USD. (Hint: the bank customer will buy from a banks offer and sell at a banks bid)?

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