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Transactions Assume that a bank's bid rate on British pound ( ) is $ 1 . 3 2 and its ask rate is $ 1
Transactions Assume that a bank's bid rate on British pound is $ and its ask rate is $ point
a If you want to sell in exchange for US dollars, how much US dollars will you receive?
b If you have $ and want to purchase pounds, how much pound will you receive?
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