Study this case and answer question asked below: You have the following quotes from Bank A & Bank B Bank A: Bank B SPOT USD/CHF 1.4650/55 USD/CHF 1.4653/60 3-months 5/10 6-months 10/15 Cash/Spot 1/2 SPOT GBP/USD 1.7645/60 GBD/USD 1.7640/50 3-months 25/20 6-months 35/25 If you want to buy 1 million GBP Spot against CHF you have to pay Minimum Amount you have to pay is a. CHF 2.5866 Million b. CHF 2.5881 Million c. CHF 2.5875 Million d. CHF 2.5863 Million
Study this case and answer question asked below: You have the following quotes from Bank A & Bank B Bank A: Bank B SPOT USD/CHF 1.4650/55 USD/CHF 1.4653/60 3-months 5/10 6-months 10/15 Cash/Spot 1/2 SPOT GBP/USD 1.7645/60 GBD/USD 1.7640/50 3-months 25/20 6-months 35/25 If you want to buy 1 million GBP Spot against CHF you have to pay Minimum Amount you have to pay is a. CHF 2.5866 Million b. CHF 2.5881 Million c. CHF 2.5875 Million d. CHF 2.5863 Million
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 11PB: Leann Company received the following bank statement. Using the information from PB11 and PB12,...
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Study this case and answer question asked below: You have the following quotes from Bank A & Bank B
|
Bank A: |
Bank B |
SPOT |
USD/CHF 1.4650/55 |
USD/CHF 1.4653/60 |
3-months |
5/10 |
|
6-months |
10/15 |
|
Cash/Spot |
1/2 |
|
SPOT |
GBP/USD 1.7645/60 |
GBD/USD 1.7640/50 |
3-months |
25/20 |
|
6-months |
35/25 |
|
If you want to buy 1 million GBP Spot against CHF you have to pay Minimum Amount you have to pay is
a.
CHF 2.5866 Million
b.
CHF 2.5881 Million
c.
CHF 2.5875 Million
d.
CHF 2.5863 Million
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