Including the transactions costs of the bid-ask spread,the euro-pound cross exchange rate for a customer who wants to sell euro and buy pounds can be computed as
A) Sb(£/€) = Sb($/€) * Sb(£/$)
B) Sa(€/£) = Sa(€/$) * Sa($/£)
C) Sb(€/£) = Sb($/€) *
D) All of the above
Correct Answer:
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