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We have been given a quote of GBP/USD 1.9717 - 1.9720. Please determine the exchange rate of USD/GBP. We have been given a quote of

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We have been given a quote of GBP/USD 1.9717 - 1.9720. Please determine the exchange rate of USD/GBP. We have been given a quote of EUR/USD 1.47401.4745. Please determine the exchange rate of USD/EUR. 12. Bid/ask spread Briefly explain factors that affect bid/ask spread

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