Multiple Choice
If the direct price of the dollar is DM2.5 in 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
Correct Answer:
Verified
Correct Answer:
Verified
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