A bank has quoted today's exchange rates for Japanese Yen as follows: bid rate is $0.0053 and ask rate is $0.0057. Give

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answerhappygod
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A bank has quoted today's exchange rates for Japanese Yen as follows: bid rate is $0.0053 and ask rate is $0.0057. Give

Post by answerhappygod »

A bank has quoted today's exchange rates for Japanese Yen as
follows: bid rate is $0.0053 and ask rate is $0.0057. Given
this information, the bid - ask spread is:
5.16%
7.55%
5.40%
4.26%
7.02%
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