Question
Suppose you see the two following quotes for currencies. Prices are listed in U.S. Dollars: Bank X Asset Bid Ask Euro 1.166 1.191 Pound 1.270
Suppose you see the two following quotes for currencies. Prices are listed in U.S. Dollars:
Bank X
| Asset | Bid | Ask |
| Euro | 1.166 | 1.191 |
| Pound | 1.270 | 1.305 |
Bank Y
| Asset | Bid | Ask |
| Euro | 1.161 | 1.192 |
| Pound | 1.279 | 1.301 |
Suppose you want to buy 500 euros. Using the best deal of those available, calculate how many dollars it will cost.
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Personal Financial Planning For Executives And Entrepreneurs
Authors: Michael J. Nathanson, Jeffrey T. Craig, Jennifer A. Geoghegan, Nadine Gordon Lee, Michael A. Haber, Seth P. Hieken, Matthew C. Ilteris, D. Scott McDonald, Joseph A. Salvati, Stephen R. Stelljes
1st Edition
3030405273, 978-3030405274
