Question: i need an 3 answer and how it done Problem Solving a) Stetson Bank quotes a bid rate of 5.784 for the Australian dollar and
i need an 3 answer and how it doneProblem Solving a) Stetson Bank quotes a bid rate of 5.784 for the Australian dollar and an ask rate of 5.80. What is the bid/ask percentage spread? Ask rate - bid rate/ ask rate x 100 b) Fullerton Ban quotes an ask of 5.190 for the Peruvian currency and bid rate of 5.188. Determine the bid/ask percentage spread Assume Poland's currency (the zloty) is woth.17 and the Japanese yen is worth 5.005. What is the cross rate of the zloty with respect to yen? kross rate of the zloty with respect to yen-vald, of zloty in 5/value of yen in S-21.25 yen
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