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Question
Assume that the current buy rate for the Japanese yen is 87.4100 (yen per dollar) and the current sell rate is 87.4400 yen per dollar. Assume that a bank buys and sells $1,000,000 in the yen market. How much would the bank collect as a spread in terms of yen?
a. 30,000 yen
b. -30,000 yen
c. -343.09 yen
d. 343.21 yen
Answer
This answer is hidden. It contains 1 characters.
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