Ahmad Faliq is a Malaysian and has USD15,000. He will be travelling to the United States...
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Ahmad Faliq is a Malaysian and has USD15,000. He will be travelling to the United States in one week's time. As he was browsing through Bank Malaya, he noticed that the bank is offering bid price of $0.2301 and ask price of $0.2304. He browsed through Bank Warisan and noticed that the Bid-Ask price is $0.2298 and $0.2300 respectively. With the information that Ahmad Faliq had obtained, what can he do? Ahmad Faliq is a Malaysian and has USD15,000. He will be travelling to the United States in one week's time. As he was browsing through Bank Malaya, he noticed that the bank is offering bid price of $0.2301 and ask price of $0.2304. He browsed through Bank Warisan and noticed that the Bid-Ask price is $0.2298 and $0.2300 respectively. With the information that Ahmad Faliq had obtained, what can he do?
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