Question: Problem set #3-Compatibility Mode Design Layout References Mailings Review View Add-ins Help Tell me what you want 3. Bid-ask spreads. The following eight (8) questions

Problem set #3-Compatibility Mode Design Layout References Mailings Review View Add-ins Help Tell me what you want 3. Bid-ask spreads. The following eight (8) questions are based on the information below. Show your calcnlations You are given the following data from OANDA regarding this currency pair CHF/HKD 8.89337/8.90696 a. What are the currencies involved? Switzerland Franc and Hong Kong Dollar. b. Which one is the base currency? The base currency is the Switzerland Franc (CHF). c. Which one is the quote currency or counter currency? The quote currency is Hong Kong Dollar (HKD). d. Which one is the bid pricer The bid price is $8.89337 e. Which one is the ask price? The ask price is $8.90696. f. What is one pip for this currency pair? One pip .0001/8.90696-.0000112:3 g. What is the bid-ask spread in absolute form? How many pips? h. What is the bid-ask spread in relative (percentage) form? How many basis points? 3. It is 12:00 am New York time, Wednesday. At this time, what is the time in the following cities? ited States) 77%

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