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QUESTION 3 Chance Bank's ask price for Australian dollars is $0.83 and its bid price is $0.77. What is the bid/ask percentage spread? QUESTION 4

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QUESTION 3 Chance Bank's ask price for Australian dollars is $0.83 and its bid price is $0.77. What is the bid/ask percentage spread? QUESTION 4 Assume Poland's currency (the zloty) is worth $0.23 and the Japanese yen is worth $0.008. What is the cross rate of the zloty with respect to yen? That is, how many yen equal a zloty

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