ECONOMICS
FINANCIAL MARKETS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Determine the Bid/ask spread with the following given data:Currency is British pound;Bid rate is $1.52;Ask rate is $1.60What is the bid/ask percentage spread?
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0.05 or 5%
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0.04 or 4%
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0.06 or 6%
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0.03 or 3%
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Explanation:
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