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You are given the following spot quotes on the same pair of currencies in two different markets from two different brokers: Quotes for the Dollar

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You are given the following spot quotes on the same pair of currencies in two different markets from two different brokers: Quotes for the Dollar against the British pound: 0.7855 -0.7925 Quotes for the British pound against the dollar: 1.4475- 1.4755. 1) Which market would you use of you want to BUY dollars? 2) Which market would you use if you want to SELL dollars? 3) The first pair of quotes could be made in which country? 4) The second pair of quotes could be made in which country

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