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The table below presents bid-ask quotes for Swiss Franc (CHF) from several currency dealers around the world. Currency Dealer in Hong Kong CHF Bid/Ask $0.4460
The table below presents bid-ask quotes for Swiss Franc (CHF) from several currency dealers around the world. Currency Dealer in Hong Kong CHF Bid/Ask $0.4460 - Quote 0.4471 Zurich $0.4471- 0.4474 New York $0.4469- 0.4476 London $0.4464 - 0.4470 If all traders try to maximize profits, then the bid price of the dealer will Hong Kong: decrease New York increase Zurich; decrease London: increase
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Banking And Finance
Authors: Brian Duignan
1st Edition
1615308946, 978-1615308941
