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Question 5 (1 point) Assume that you are a British investor. In the foreign exchange market, which of the following would be a direct quote?

Question 5 (1 point)

Assume that you are a British investor. In the foreign exchange market, which of the following would be a direct quote?

Question 5 options:

a)

$0.90/

b)

0.55/

c)

SF2.40/

d)

$1.50/

Question 6 (1 point)

Assume that a bank's bid rate on Japanese yen is $.0041 and its ask rate is $.0043. Its bidask percentage spread is about:

Question 6 options:

a)

4.99%.

b)

4.43%.

c)

4.88%.

d)

4.65%.

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