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    Exam 15: Foreign Exchange: The Structure and Operation of the Fx Market
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    A Rule for Working Out a Bid-Ask Cross Rate for Direct
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A Rule for Working Out a Bid-Ask Cross Rate for Direct

Question 8

Question 8

True/False

A rule for working out a bid-ask cross rate for direct and indirect FX quotations is to multiply the two bid rates and multiply the two ask rates.

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