Question 3 (7 marks) Split Bank quotes the following spot rates: "1.10/E Bid and 1.15/E Ask." a. Which currency is Split Bank buying at the 1.10/ Bid rate? b. Which currency is Split Bank selling at the 1.15/ Bid rate? c. What would you pay in euros if you bought 30,000 from Split Bank? d. What is the E/e Bid rate? (Hint: When you take the inverse of an Ask rate, it becomes a Bid rate.) What is the Ask rate? (Hint: when you take the inverse of a Bid rate, it becomes e. an Ask rate.) Page 4 of S