Question: PLEASE SHOW WORK A small money exchange in the city center in Singapore has a bid/ask for US dollar of 1.2345 - 60. The local

PLEASE SHOW WORK

A small money exchange in the city center in Singapore has a bid/ask for US dollar of 1.2345 - 60. The local bank has a bid/ask spread of 1.2351 - 54. What is the maximum spread the money exchange can make?

PLEASE SHOW WORK

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