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The Direct Price of the Dollar Is DMin 1990 Frankfurt

Question 22

Multiple Choice

the direct price of the dollar is DMin 1990 Frankfurt and transaction costs were .4% of the amount transacted, then the minimum-maximum direct quotes for the DM in New York were:


A) $.3968?4032
B) $2.4800?2.5200
C) $.3984?.4016
D) $2.4900?2.5100

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