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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 $1.32 and its ask rate is $1.34.(1 point)
(a) If you want to sell 10,000 in exchange for US dollars, how much US dollars will you receive?
(b) If you have $10,000 and want to purchase pounds, how much pound will you receive?

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