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In conversation, interbank foreign exchange traders use a shorthand abbreviation in expressing spot currency quotations. Consider a $/ bid-ask quote of $1.2519-$1.2523. The big figure,

In conversation, interbank foreign exchange traders use a shorthand abbreviation in expressing spot currency quotations. Consider a $/ bid-ask quote of $1.2519-$1.2523. The "big figure," assumed to be known to all traders is 0 1 1.2523 O 1.25 O 23

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