Question
If the ask rate the Canadian dollar was 0.8031, and the bid rate was 0.7850, what was the bid/ask percentage spread? A. 2% B. 2.25%
-
If the ask rate the Canadian dollar was 0.8031, and the bid rate was 0.7850, what was the bid/ask percentage spread?
A. 2%
B. 2.25%
C. 0.23%
D. 3.25%
E. None
If the ask rate the Canadian dollar was 0.8031, and the bid rate was 0.7850, what was the bid/ask percentage spread?
| A. | 2% | |
| B. | 2.25% | |
| C. | 0.23% | |
| D. | 3.25% | |
| E. | None |
0.25 points
QUESTION 6
-
If the direct quotation the dollar/ Euro rate was 1.2105, what was itts indirect quotation?
A. 0.8261
B. 0.8399
C. 0.8083
D. 0.7980
E. None
0.25 points
QUESTION 7
-
Assume that a bank's bid rate was $1.0462 and its ask rate was $1.0965. Its bid-ask percentage spread was:
A. 4.59%
B. 4.26%
C. 4.49%
D. 4.17%
E. None
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Complete Business Statistics
Authors: Amir Aczel, Jayavel Sounderpandian
7th Edition
9780071077903, 73373605, 71077901, 9780073373607, 77239695, 978-0077239695
