Multiple Choice
If the direct price of the dollar is 2.5 in Frankfurt and transaction costs are .4% of the amount transacted, then the minimum? maximum direct quotes for the DM in New York are:
A) .3968?4032
B) 2.4800?2.5200
C) .3984?.4016
D) 2.4900?2.5100
Correct Answer:
Verified
Correct Answer:
Verified
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