Question: Hi can you help me to answer this question for fundamental of foreign exchange. Q1. When a bank decided to buy USD/MYR for 1 million

Hi can you help me to answer this question for fundamental of foreign exchange.

Q1. When a bank decided to buy USD/MYR for 1 million at 3.2000, it means

i.

The bank is

_____________________

USD

_________________

ii.

The bank is

_____________________

MYR

_________________

Q2. You are one of the Treasury Dealers at UUM Bank. You call USM Bank for a USD/SGD quote. USM Bank responded and says 1.50 80 / 00.

i.

At what rate can you buy SGD?

________

ii.

At what rate can you buy USD?

________

iii.

At what rate can you sell SGD?

________

iv.

At what rate can you sell USD?

________

v.

At what rate does USM Bank buys USD?

________

vi.

At what rate does USM Bank buys SGD?

________

vii.

At what rate does USM Bank sells USD?

________

viii.

At what rate does USM Bank sells SGD?

________

Q3. You are one of the Treasury Dealers at UUM Bank. Suppose now USM Bank calls you for a USD/MYR quote. You responded and says 3.17 40 / 50.

i.

What currency can you buy at 3.1750?

________

ii.

What currency can you buy at 3.1740?

________

iii.

What currency can you sell at 3.1750?

________

iv.

What currency can you sell at 3.1740?

________

v.

What currency can USM Bank buys at 3.1740?

________

vi.

What currency can USM Bank buys at 3.1750?

________

vii.

What currency can USM Bank sells at 3.1740?

________

viii.

What currency can USM Bank sells at 3.1750?

________

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