DM/S$ currency versus currency bid-ask quotations
Provided the given information, state the DM/S$ currency versus the currency bid-ask quotations? Bank Quotations American Terms European Terms Bid Ask Bid Ask Deutsche Marks .6784 .6789 1.4730 1.4741 Singapore Dollar .6999 .7002 1.4282 1.4288
Provided the given information, state the DM/S$ currency versus the currency bid-ask quotations?
Bank Quotations American Terms European Terms
Bid Ask Bid Ask
Deutsche Marks .6784 .6789 1.4730 1.4741
Singapore Dollar .6999 .7002 1.4282 1.4288
Expert
Equation 4.12 from text implies S(DM/S$b) = S($/S$b) x S(DM/$b) = .6999 x 1.4730 = 1.0310. The reciprocal, 1/S(DM/S$b) = S(S$/DMa) = .9699. Analogously, it is implied that S(DM/S$a) = S($/S$a) x S(DM/$a) = .7002 x 1.4741 = 1.0322. The reciprocal, 1/S(DM/S$a) = S(S$/DMb) = .9688.
Therefore, the DM/S$ bid-ask spread is DM1.0310-DM1.0322 and the S$/DM spread is S$0.9688-S$0.9699.
1. Somerset Ltd manufactures components for the motor industry. In one of its workshops it has three workers, Joe, Jack and Jonny, who at any one time work on batches of the same component. The standard time allowed to produce one unit is one hour. The workers rate of pay is
I have started to design a wind turbine but I am stuck now. I would like you to have a look to my design and tell me what do I have to do.
Write some of the functions of Bank?
Explain why “Once the capital markets are integrated, it becomes difficult for the country in order to maintain the fixed exchange rate”.
Discuss the Vernon’s product life-cycle theory of the FDI. Specify the strength and weakness of theory?
Explain the term Elder Abuse in brief ?
Q : Evaluating the cost of intangible asset How to evaluate the cost of intangible asset?
How to evaluate the cost of intangible asset?
At the end of March, 2006 the balances in the various accounts of TTTTT & Company are as follows: Rs. in million Accounts Balance Equity capital 120 Preference capital 30 Fixed assets (net) 217 Reserves and surplus 200 Cash
In contrast to the U.S., Japan has observed constant current account surpluses. What would be the major reasons for such surpluses? Is it advantageous to have constant current account surpluses?
18,76,764
1921755 Asked
3,689
Active Tutors
1424416
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!