Assume that an Australian bank's bid rate on Japanese yen is AUD 0.0041/Yen and the bid-ask spread is 2 pips. Its bid-as

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answerhappygod
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Assume that an Australian bank's bid rate on Japanese yen is AUD 0.0041/Yen and the bid-ask spread is 2 pips. Its bid-as

Post by answerhappygod »

Assume that an Australian bank's bid rate on Japanese yen is AUD
0.0041/Yen and the bid-ask spread is 2 pips. Its bid-ask percentage
spread is:
Select one:
a.
about 4.76%.
b.
about 4.65%.
c.
about 4.99%.
d.
about 4.43%.
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