You are a CFO of a major corporation,and want to buy dollars in exchange for euros.The bank quotes you the following currency rate ($/€): 1.50-1.52.At what rate will you buy?

Name: You are a CFO of a major corporation,and want to buy dollars in exchange for euros.The bank quotes you the following currency rate ($/€): 1.50-1.52.At what rate will you buy?
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Question

Quizplus · Accepted Answer

You want to buy dollars,i.e. ,sell euros.Since the bank is buying euros from you,it will pay the bid rate,i.e. ,1.50.

You Are a CFO of a Major Corporation,and Want to Buy