Question: 1.Answer the following Multiple choice question . (Only choose the right answer, no explanation needed) Total mark 4. i The Bid rate for the British

1.Answer the following Multiple choice question . (Only choose the right answer, no explanation needed) Total mark 4.

no explanation needed) Total mark 4. i The Bid rate for the

i The Bid rate for the British pound is $1.65 ano the Ask rate is $1.68. What is the bid/ask spread? a. about -1.79% b. about 1.82% c. about 1.79% d. about -1.82% ii A floating exchange rate is largely market determined, without an ascertainable or predictable path for the rate. False True

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