Bid-ask spreads suppose you contact your currency dealer at, Business Economics

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Bid-ask spreads suppose you contact your currency dealer at

Bid-ask spreads: Suppose you contact your currency dealer at Credit Agricole and obtain the following quote on US dollars, priced in Swiss franc (SF).

SF 0.9495 - 05

a. How much would it cost to buy SF10,000,000?

b. Suppose you wish to sell SF 10,000,000. How many dollars will you receive?

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Business Economics: Bid-ask spreads suppose you contact your currency dealer at

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