Question
The prices of yen are quoted in Tokyo at 115/$ Bid and 118/$ Ask. What are the direct quotations of the bid and ask prices
The prices of yen are quoted in Tokyo at 115/$ Bid and 118/$ Ask. What are the direct quotations of the bid and ask prices in New York?
b. If the exchange rates are quoted as 145/ and HK$20/, then what is the cross exchange rate of yen per HK$ (/HK$)?
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The Basics Of Public Budgeting And Financial Management
Authors: Charles E. Menifield
4th Edition
0761872116, 978-0761872115
