Question 4\

The quote on

is

$1.424-31

. f/$

1.424-1.431

\

If you (as a customer) converted

$50,000

to

and then back to

$

, how many

$

would you lose/gain?\

Suppose you could buy

at the bid rate and sell them at the ask rate. How many

$

would you have to transact in order to earn

$1,000

on a round-trip transaction (buying pounds for dollars and then selling the pounds for dollars)?

Question 4 The quote on is $1.42431. /$1.4241.431 If you (as a customer) converted $50,000 to and then back to $, how many $ would you lose/gain? Suppose you could buy at the bid rate and sell them at the ask rate. How many $ would you have to transact in order to earn $1,000 on a round-trip transaction (buying pounds for dollars and then selling the pounds for dollars)