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The quotation of CHF/HKD is available in the table below. Determine whether the quotations given are appropriate. Prove your answer. BID ASK Bank X (CHF/HKD)

The quotation of CHF/HKD is available in the table below. Determine whether the quotations given are appropriate. Prove your answer.

BID ASK

Bank X (CHF/HKD) 0.1165 0.1168 Bank Y (CHF/HKD) 0.1161 0.1162

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