Question
The table below presents bid-ask quotes for GBP from several currency dealers. Currency Dealer in Bid/Ask Quotes for SF Tokyo $1.7469-76 Singapore $1.7460-71 Frankfurt
The table below presents bid-ask quotes for GBP from several currency dealers. Currency Dealer in Bid/Ask Quotes for SF Tokyo $1.7469-76 Singapore $1.7460-71 Frankfurt $1.7464-70 Chicago $1.7471-74 Based on the quotes below, as all traders use locational arbitrage to maximize profits, ask quote of the. of the dealer will dealer will and bid quote
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