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Suppose you see the two following bid/ask quotes for euros. Prices are listed in U.S. Dollars: Bank X: 1.185/1.195 Bank Y: 1.180/1.190 Suppose you want

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Suppose you see the two following bid/ask quotes for euros. Prices are listed in U.S. Dollars: Bank X: 1.185/1.195 Bank Y: 1.180/1.190 Suppose you want to buy 500 euros. Using the best deal of those available, calculate how many dollars it will cost. 595 421.94 590 418.41

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