A foreign exchange dealer is willing to buy the New Zealand dollar (NZ$) at $0.7621/NZ$ and will sell it at a rate of $0.7714/NZ$. What is the percentage bid-ask spread on the Danish krone? (Round your final answer to two decimal place places.)
A) 0.26%
B) 2.13%
C) 0.96%
D) 1.21%
Correct Answer:
Verified
Q41: Tantrix, Inc. purchased its inventory from an
Q42: The difference between the forward rate and
Q43: If the spot rate is quoted as
Q44: Given that the spot rate is $1.5136/€
Q45: Celio, Inc. sold equipment to a French
Q47: The bid quote represents the rate at
Q48: Given that the spot rate is ¥106.74/$
Q49: Starling Corp. purchased some components from a
Q50: Which of the following is an indirect
Q51: The ask quote represents the rate at
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents