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The following quotes are made by Banks A, B and C for the dollar per pound rate: $/ rates Bank A 1.7004 -1.7000 Bank B
The following quotes are made by Banks A, B and C for the dollar per pound rate: $/ rates Bank A 1.7004 -1.7000 Bank B 1.7003 -1.6999 Bank C 1.7005 -1.7001 You work for Bank D and wish to buy pounds. Which Bank will a broker match you with on the interbank market and at what exchange rate? A) Bank A at 1.7004 B) Bank A at 1.7000 C) Bank B at 1.7003 D) Bank B at 1.6999 E) Bank C at 1.7005 F) Bank C at 1.7001
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