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You were visiting the UK last summer and saw that a local exchange has a bid/ask for USD of 1.2345 -60. The local bank has
You were visiting the UK last summer and saw that a local exchange
has a bid/ask for USD of 1.2345 -60. The local bank has a bid/ask
spread of 1.2351-54. How much money the money exchange can
make if tourist exchanged $500,000 USD for Pound during that day
and no one exchange Pound for USD?
200.45 Pounds
157.89 Pounds
388.23 Pounds
196.47 pounds
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The International Handbook Of Public Financial Management
Authors: Richard Allen, Richard Hemming, B. Potter
1st Edition
1137574895, 978-1137574893
