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The following quotes are made by Banks A and B for the dollar per pound rate: $/ rates Bank A 1.20041.2000 Bank B 1.20051.2001 You
The following quotes are made by Banks A and B for the dollar per pound rate: $/ rates Bank A 1.20041.2000 Bank B 1.20051.2001 You work for Bank D and wish to sell pounds. Which Bank will a broker match you with on the interbank market and at what exchange rate? Select one: a. Bank A at 1.2000 b. Bank A at 1.2004 c. Bank B at 1.2005 d. Bank B at 1.2001 The following quotes are made by Banks A and B for the dollar per pound rate: $/ rates Bank A 1.20041.2000 Bank B 1.20051.2001 You work for Bank D and wish to sell pounds. Which Bank will a broker match you with on the interbank market and at what exchange rate? Select one: a. Bank A at 1.2000 b. Bank A at 1.2004 c. Bank B at 1.2005 d. Bank B at 1.2001
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