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 bid-ask spread on the Danish krone? (Round your final percentage answer to two decimal place places.)
A) 0.26%
B) 2.13%
C) 0.96%
D) 1.21%
Correct Answer:
Verified
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