Question
The following spot rates are quoted: USD/ GBP 1.3024 - 89 TTD/GBP 8.2965 - 5745 (a) Using a cross rate, calculate the bid-ask spread for
The following spot rates are quoted:
USD/ GBP 1.3024 - 89
TTD/GBP 8.2965 - 5745
(a) Using a cross rate, calculate the bid-ask spread for the TTD/USD exchange rate.
(b) If TTD/USD was actually quoted at 6.6514-7836, calculate how much arbitrage profit (in TTD) could be earned from TTD1,000.
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Finance Accumulation And Monetary Power
Authors: Daniel Woodley
1st Edition
0367338556, 978-0367338558
