Suppose a trader quotes the following for the British pound, $1.75-1.77/. a) What is the direct bid-ask
Fantastic news! We've Found the answer you've been seeking!
Question:
Suppose a trader quotes the following for the British pound, $1.75-1.77/. a) What is the direct bid-ask rate for a British investor? b) If an American were to buy $10,000,000 of British pounds and then sell them a minute later, with the same quote what is her loss or gain in dollars in the transaction? Explain.
Posted Date: