Q 1 and 2 combined. A bank quotes the following spot rates for the USD v GBP exchange rate. The bank's bid rate is 1.2332 (meaning 1.2332 USD = GBP 1.00 i.e. 1.2332 USD per GBP). The bank's ask' rate is 1.2337 (meaning 1.2337 USD = GBP 1.00 le e,1.2337 USD per GBP) You are a corporate customer of the bank and you wish to sell 2,000,000 pounds (ie., 2 mio GBP) to the bank and buy USD Q1) At what rate do you deal? Q2) How many USD will you receive? Give your answer to the nearest USD Another word for the "ask" rate is the "offer