1. 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

1. 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

1. 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