Question: Malaysian ringgit bid rate is A$ 0.40 and ask rate A$ 0.42 what is the bid/ask percentage spread? a. 0.050 or 5.0% b. 0.030 or

Malaysian ringgit bid rate is A$ 0.40 and ask rate A$ 0.42 what is the bid/ask percentage spread? a. 0.050 or 5.0% b. 0.030 or 3.0% c. None of the options d. 0.048 or 4.8%

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!