Question: The spot exchange rate with a bid/ask spread : CAD 1.6703 - 1.6712/ GBP 1 implies that you can a) sell one GBP at 1.6712

The spot exchange rate with a bid/ask spread : CAD 1.6703 - 1.6712/ GBP 1 implies that you can

a) sell one GBP at 1.6712 CAD

b) buy one GBP at 1.6703 CAD

c) buy one CAD at 0.5988 GBP

d) sell one CAD at 0.5984 GBP

e) non of the above

Ans : sell one CAD at 0.5984 GBP

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