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You Visit the Foreign Exchange Trading Room of a Major

Question 14

Essay

You visit the foreign exchange trading room of a major bank. A trader asks for quotations of the British pound from various correspondents and hears the following quotes:
From Bank A: 1.6580-1.6585
From Bank B: 1.6582-1.6587
What do they mean?

Correct Answer:

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These quotations mean that Bank A is wil...

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