QUESTION 9 Assume that a bank's bid rate on Japanese yen is $.0052 and its ask...
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QUESTION 9 Assume that a bank's bid rate on Japanese yen is $.0052 and its ask rate is $.0057. Its bid/ask percentage spread is: Artinscript O a. about 4.99%. O b. about 7.57%. Oc about 8.77% O d. about 4.88%. QUESTION 10 Assume that a bank's bid rate on Japanese yen is $.0041 and its ask rate is $.0043. Its bid/ask percentage spread is: O a. about 4.99%. O b. about 4.43%. c. about 4.65%. O d.about 4.88%. QUESTION 11 Suppose the spot ask exchange rate,($/), is $1.20 = 1.00 and the spot bid exchange rate, (S/E), is $1.18 1.00. If you were to buy $200,000,000 worth of British pounds and then sell them five minutes later, how much of your $200,000,000 would be "eaten" by the bid-ask spread? O a approximately $3.3 million O b. approximately $197 million Oc approximately $12.5 million Od. None of the options. QUESTION 9 Assume that a bank's bid rate on Japanese yen is $.0052 and its ask rate is $.0057. Its bid/ask percentage spread is: Artinscript O a. about 4.99%. O b. about 7.57%. Oc about 8.77% O d. about 4.88%. QUESTION 10 Assume that a bank's bid rate on Japanese yen is $.0041 and its ask rate is $.0043. Its bid/ask percentage spread is: O a. about 4.99%. O b. about 4.43%. c. about 4.65%. O d.about 4.88%. QUESTION 11 Suppose the spot ask exchange rate,($/), is $1.20 = 1.00 and the spot bid exchange rate, (S/E), is $1.18 1.00. If you were to buy $200,000,000 worth of British pounds and then sell them five minutes later, how much of your $200,000,000 would be "eaten" by the bid-ask spread? O a approximately $3.3 million O b. approximately $197 million Oc approximately $12.5 million Od. None of the options.
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