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USD / DEM 1,6400/10 USD / CHF 1,4220/30 1.6880/90 GBP/USD 123.40/50 USD/JPY Based on the given information, answer the following questions. L A customer wishes
USD / DEM 1,6400/10 USD / CHF 1,4220/30 1.6880/90 GBP/USD 123.40/50 USD/JPY Based on the given information, answer the following questions. L A customer wishes to buy DEM. What is the rate and is this bank's bid or offer price? (0.5 mark) H. What is the spread on the Swiss franc? (0.5 mark) H At what rate will Best Bank buy GBP3 (0.5 mark) N. At what rate does Best Bank pay to buy JPY 5 million? (0.5 mark) V. What is the cross rate in Deutschmarks for buying one Swiss franc? (1.5 marks) vi. What is the cross rate in Swiss francs for selling one British pound? (1.5 marks)
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