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Janina inherited 100 000 Polish zlotich (PLN) from her grandmother, and wants to deposit them in her US bank account. She has obtained the following
Janina inherited 100 000 Polish zlotich (PLN) from her grandmother, and wants to deposit them in her US bank account.
She has obtained the following indirect bid-ask rates: 3.8914 –3.8901.
How many USD will be reflected in her US bank account?
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STEP 1 Identification of applicable bidask rate We have 2 rates one bid rat...
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