Question: need help with answering (C) b) Compute the bid-ask spread for the two pairs (2) NZD/JPY and USD/JPY (Ask - Bid) / Ask NZD/JPY (69.86

need help with answering (C) b) Compute the bid-ask spread for

need help with answering (C)

b) Compute the bid-ask spread for the two pairs (2) NZD/JPY and USD/JPY (Ask - Bid) / Ask NZD/JPY (69.86 - 69.80) / 69.86 = 0.00085 0.085% USD/JPY (104.45 104.43) / 104.45 = 0.00019 0.019% Compare the two bid-ask spreads from b) and explain why they are different (2 p.)

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