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Please show the work for how to get these, I don't know how to work them out or what equations to use. Thank you! Question
Please show the work for how to get these, I don't know how to work them out or what equations to use. Thank you!
Question 1: Use the table below to answer the following questions (use 4 decimal points).
|
| US$ | |
| Bank Quotations | Bid | Ask |
| British pounds | $1.9712/ | $1.9717/ |
| Euros | $1.4738/ | $1.4742/ |
- You have $1,000,000. And, you want to exchange $1,000,000 for . How much will you have in ?
- You want to buy 1,000,000. How much will you spend in $?
- You have $1,000,000. And, you want to exchange $1,000,000 for . How much will you have in ?
- You want to buy 1,000,000. How much will you spend in $?
- What are the bid price quotes for the value of pound in terms of euro?
- What are the ask price quotes for the value of pound in terms of euro?
- Please find Bid-Ask spread for /.
- What are the bid price quotes for the value of euro in terms of pounds?
- What are the ask price quotes for the value of euro in terms of pounds?
- Please find Bid-Ask spread for /.
- You have 1,000,000. And, you want to exchange 1,000,000 for . How much will you have in ?
L. You have 1,000,000. And, you want to exchange 1,000,000 for . How much will you have in ?
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