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Q1 Given the following observed broker quotation: JPY/RUB 0.6939 / 0.6947 (a) What type of quotation is this (direct / indirect)? (b) Do you expect
Q1 Given the following observed broker quotation: JPY/RUB 0.6939 / 0.6947
- (a) What type of quotation is this (direct / indirect)?
- (b) Do you expect this to be a retail or broker quotation? Why?
- (c) The bid quote is a quote for the dealer to buy which currency? (i.e. which will we call the Foreign Currency)?
- (d) Write this quotation in direct terms for the dealer to buy and sell the JPY.
- (e) Write this quotation in direct terms for the dealer to buy and sell the RUB.
- (f) Write this quotation in indirect terms for the dealer to buy and sell the JPY.
- (g) Write this quotation in indirect terms for the dealer to buy and sell the RUB.
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The Social Profit Handbook
Authors: David Grant
1st Edition
1603586040, 978-1603586047
