American Terms European Terms Bank Quotations BID ASK BID ASK British pounds 1.9712 1.9717 0.5072 0.5073...
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please check my work
Using the table above, what is the bid price of euros in terms of pounds? bid price of euros in terms of pounds is 0.747751732
Using the table above, what is the ask price of euros in terms of pounds? ask price of euros in terms of pounds is 0.747678703
Homework Answers
Euro/pounds = (pound/dollar)*(dollar/euro)
Bid price = (1/1.9717)*1.4738
=pound 0.7474767/euro
Ask price =(1/1.9712)*1.4742
= pound 0.7478693/euro
Add Answer to:
American Terms European Terms Bank Quotations BID ASK BID ASK British pounds 1.9712 1.9717 0.5072 0.5073...
11) (6 pts) World Nation Bank offers the following information (ignore bid/ask spreads: Spot rate...
11) (6 pts) World Nation Bank offers the following information (ignore bid/ask spreads: Spot rate on Euro 90 day forward rate on Euro Customers can borrow or deposit US dollars for 90 days at an annualized rate of 3.6% per year (0.9% per 90 days) Customers can borrow or deposit Euros for 90 days at a 1.2% per year (0.3% per 90 days) $1.118 (US$1.118/1EUR) $1.129 (US$1.129/1EUR) n annualized rate of Suppose a European investor has 100,000 Euros,if they deposit...
Based on the table for the rates published in the US below, find the €/£ cross...
Based on the table for the rates published in the US below, find the €/£ cross bid and ask rates and fill in the table. You need to show the steps how you get your answers. (Numbers should be rounded to 4 decimal places. Please note that your answers will be worthy zero mark if they do not include currency symbols $, £ and €) USD Bank Quotations Direct American Terms Indirect European Terms Bid Ask Bid...
2. Foreign exchange rate quotations Aa Aa An exchange rate is the price of one country's...
2. Foreign exchange rate quotations Aa Aa An exchange rate is the price of one country's currency expressed in another country's currency Suppose an American investor is given the current exchange rates in the following table. The listed quotations are direct quotations stated in American terms British pound (E) Euro () Australian dollar (AUS) $0.8970 Australian dollar Exchange Rate $1.9760 / pound 1.3210 euro Given these rates, an Australian dollar can purchase British pounds Purple Whale Foodstuffs Inc. is a...
2. Foreign exchange rate quotations An exchange rate is the price of one country’s currency expressed...
2. Foreign exchange rate quotations An exchange rate is the price of one country’s currency expressed in another country’s currency. 1. Suppose an American investor is given the current exchange rates in the following table. The listed quotations are _1.__(direct/ Indirect)___ quotations stated in American terms. Exchange Rate British pound (£) $1.8790 / pound Euro (€ ) $1.3210 / euro Australian dollar (AU$) $0.8970 / Australian dollar 2.Given these rates, an Australian dollar can purchase__2.(__)___ British pounds. 3. Green...
A bank quotes a bid price of $0.0093 per yen and an ask price of $0.00936...
A bank quotes a bid price of $0.0093 per yen and an ask price of $0.00936 per yen for its wholesale customers. What is the bid/ask spread in percentage terms? Bid/ask spread = Ask rate − Bid rate Ask rate = 0.00936 − 0.0093 0.00936 = 0.641% = 0.00641 Part 2 If you convert $29,000,000 to yen and then back to dollars, what is your total round-trip cost (in $)?
PLEASE HELP! A London dealer bank’s current bid/ask quotes for the U.S. dollar are £0.7720/$ and...
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1. A London dealer bank’s current bid/ask quotes for the U.S. dollar are £0.7720/$ and £0.7980/$....
1. A London dealer bank’s current bid/ask quotes for the U.S. dollar are £0.7720/$ and £0.7980/$. If you want to sell $12,000,000 to that dealer, how many british pounds would you receive? 2. A London dealer bank’s current bid/ask quotes for the U.S. dollar are £0.7720/$ and £0.7980/$. If you want to buy £16,000,000 from that dealer, how many dollars would you pay? 3. How would the NY branch of the London dealer bank in the above question quote its...
23) Country Switzerland (Franc) CHF Euro € USD equivalent BID ASK 0.7648 0.7652 1.4000 1.4200 What...
23) Country Switzerland (Franc) CHF Euro € USD equivalent BID ASK 0.7648 0.7652 1.4000 1.4200 What is the ASK cross-exchange rate for Swiss Francs priced in euro? Hint: Find the price that a currency dealer will take in euro to sell Swiss francs. A) €0.5386/CHF B) €0.5466/CHF €0.5389/CHF D) €0.5463/CHF 24) 24) Suppose a bank customer with €1,000,000 wishes to trade out of euro and into Japanese yen. The dollar-curo exchange rate is quoted as $1.70 - €1.00 and the...
15 Suppose that the current exchange rate is €1.00 - $1.60. The indirect quote from the...
15 Suppose that the current exchange rate is €1.00 - $1.60. The indirect quote from the US. perspective is A) €0.6250 - $1.00 3) €1.50 - $1.00 €1.00 - $1.60 Dy none of the options 19) The bid price A) is the price that a dealer stands ready to pay B) is the price that a dealer stands ready to sell at. is the price that the dealer has just paid for something, his historical cost of the most recent...
Personal financing - First Blank --> date on the bank statement OR Reconciliation date Second blank...
Personal financing - First Blank --> date on the bank
statement OR Reconciliation date
Second blank --> Monthly or Quarterly
Please show your work.
Fourth State Bank of San Francisco, CA Statement of Account June 2011 Samuel Smythe 550 Angel Street San Francisco, CA Account 348596 Balance Date Subtractions Additions 1,246.00 6-01 6-01 6-03 Description Previous balance Deposit Check 900 500.00 1,746.00 550.00 1.196.00 Withdrawals Date Jun-01 Jun-03 Balance $1,746.00 1,196.00 Samuel's Account Ledger Transaction Description Deposit Deposit - Payroll...
11) (6 pts) World Nation Bank offers the following information (ignore bid/ask spreads: Spot rate on Euro 90 day forward rate on Euro Customers can borrow or deposit US dollars for 90 days at an annualized rate of 3.6% per year (0.9% per 90 days) Customers can borrow or deposit Euros for 90 days at a 1.2% per year (0.3% per 90 days) $1.118 (US$1.118/1EUR) $1.129 (US$1.129/1EUR) n annualized rate of Suppose a European investor has 100,000 Euros,if they deposit...
2. Foreign exchange rate quotations Aa Aa An exchange rate is the price of one country's currency expressed in another country's currency Suppose an American investor is given the current exchange rates in the following table. The listed quotations are direct quotations stated in American terms British pound (E) Euro () Australian dollar (AUS) $0.8970 Australian dollar Exchange Rate $1.9760 / pound 1.3210 euro Given these rates, an Australian dollar can purchase British pounds Purple Whale Foodstuffs Inc. is a...
23) Country Switzerland (Franc) CHF Euro € USD equivalent BID ASK 0.7648 0.7652 1.4000 1.4200 What is the ASK cross-exchange rate for Swiss Francs priced in euro? Hint: Find the price that a currency dealer will take in euro to sell Swiss francs. A) €0.5386/CHF B) €0.5466/CHF €0.5389/CHF D) €0.5463/CHF 24) 24) Suppose a bank customer with €1,000,000 wishes to trade out of euro and into Japanese yen. The dollar-curo exchange rate is quoted as $1.70 - €1.00 and the...
15 Suppose that the current exchange rate is €1.00 - $1.60. The indirect quote from the US. perspective is A) €0.6250 - $1.00 3) €1.50 - $1.00 €1.00 - $1.60 Dy none of the options 19) The bid price A) is the price that a dealer stands ready to pay B) is the price that a dealer stands ready to sell at. is the price that the dealer has just paid for something, his historical cost of the most recent...
Personal financing - First Blank --> date on the bank
statement OR Reconciliation date
Second blank --> Monthly or Quarterly
Please show your work.
Fourth State Bank of San Francisco, CA Statement of Account June 2011 Samuel Smythe 550 Angel Street San Francisco, CA Account 348596 Balance Date Subtractions Additions 1,246.00 6-01 6-01 6-03 Description Previous balance Deposit Check 900 500.00 1,746.00 550.00 1.196.00 Withdrawals Date Jun-01 Jun-03 Balance $1,746.00 1,196.00 Samuel's Account Ledger Transaction Description Deposit Deposit - Payroll...
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